Shares of Railtel Corporation of India rose by over 1% during early trade on Thursday after the firm bagged a massive work order from Northern Railways for a railway telecom project.

What Happened: The company has received a letter of award amounting to over ₹10 crore for a railway telecom project, the company said in a press release on Wednesday.

The contract will be completed within a span of a year which pegs the completion date at September 4, 2025.

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Last week, the company secured a ₹70.93 crore contract from Eastern Railway to implement a unified communication infrastructure, which includes LAN infrastructure, IP exchange, VoIP-based control communication and an IP-MPLS-based network.

The public sector firm has also been recently granted the prestigious “Navratna” status by the Government of India.

With “Navratna” status, public sector companies like Railtel gain greater financial and operational autonomy. They can invest up to ₹1,000 crore without needing central approval and allocate up to 30% of their net worth annually for investments.

Additionally, the status allows them to boost strategic and operational flexibility by establishing joint ventures, partnerships, and subsidiaries internationally.

Price Action: Railtel was trading flat at ₹496.85 on Thursday morning.

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