Shares of Railtel Corporation were trading up on Friday after the company won a work order from the Maharashtra administration.
What Happened: Railtel in its regulatory filing said it received a work order from the rural development department in Maharashtra. The order pertains to the operationalising of ASSK-GP project in Konkan, Pune and Nashik.
The order is worth ₹155.71 crore. The company said that the order should be executed by September 25, 2025. The new project brings the total order amount won by the company in September to ₹184 crore.
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Earlier in the month, the company won a ₹19 crore order from Northern Railways to develop a connection with DFC Feeder routes over the Lucknow Division. It also won a ₹10 crore order to work on a railway telecom project recently.
The company also received the “Navratna“ status in late August. The status gives the company higher financial and operational independence, which includes the power to invest up to ₹1,000 crore without central approval and to invest up to 30% of its net worth annually.
Price Action: Shares of Railtel Corporation were up 3.15% to ₹476.15 on Friday morning.
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