Shares of Railtel Corporation of India jumped after it announced securing a substantial work order from Northern Railways.

What Happened: Railtel bagged an order worth ₹19 crore from the Northern Railways, the company said in a press release on Friday. It pertains to the provision of double distant in connection with DFC Feeder routes over the Lucknow Division, the company added in its statement.

The domestic project is slated for completion by September 11, 2026.

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Earlier this month, the company’s shares jumped by over 1% after it bagged a separate work order from Northern Railways for a railway telecom project, valued at over ₹10 crore.

The project is expected to be completed by September 4, 2025. Prior to this, the company also 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 company was granted the “Navratna” status by the Department of Public Enterprises, Ministry of Finance in August. The “Navratna” status allows public sector companies like Railtel to enjoy higher financial and operational autonomy, which lets it invest up to ₹1,000 crore without central approval and invest up to 30% of its net worth annually

Price Action: Railtel’s shares gained 2.39% to trade at ₹480.70 on Friday.

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