Railway Stock: Share price zooms 11% in 1 week; THIS Navratna PSU company secures order worth Rs 274 cr

Navratna Railway Company : There are seven Navratna railway PSUs: RVNL, IRCON, Container Corporation of India Ltd (CONCOR), RailTel , RITES, Indian Railway Finance Corporation (IRFC), and Indian Railway Catering and Tourism Corporation (IRCTC). This week, one of them secured a major contract worth Rs 274 crore from the Maharashtra government. Can you guess which one? It’s none other than RailTel. RailTel Corporation of India Contract

Corporation of India Ltd has received a Letter of Intent (LOI) from the Motor Vehicles Department, Maharashtra. According to the contract, the RITES will be responsible for “Design, Implement, Operate and Maintain Intelligent Traffic Management System (ITMS) on various blackspots/ vulnerable spots in the Vidarbha Circle for a period of 10 years.”