Rs 8,251 crore Order Book: This Navratna PSU Company Secures Rs 4,44,44,44,444 Order for KSWAN 3.0 Project
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The stock price has surged over 162.49 per cent in the last 3 years. The stock has gained around 3.52 per cent from its 52-week low of Rs 251.15 per share.
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On Friday, shares of RailTel Corporation of India Ltd closed at Rs 260 per share, falling 3.27 per cent from its previous closing of Rs 268.8 per share. The stock’s 52-week high is Rs 478.95 per share and its 52-week low is Rs 251.15 per share. During the session, the stock touched an Intraday high of Rs 268.3, reflecting a rise of around 1.25 per cent from its opening price of Rs 265.
RailTel Corporation of India Ltd has informed the exchanges that it has received a Letter of Intent (LoI) from the Centre For E-Governance for a major project. The disclosure has been made under Regulation 30 read with Part A (B) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order pertains to the Request for Proposal for Selection of System Integrator for KSWAN 3.0, a significant digital infrastructure project. The contract has been awarded by a domestic entity and is also classified as a domestic order.
As per the LoI, the estimated size of the order stands at Rs 4,44,44,44,444 (including Tax). The project is scheduled to be executed by March 26, 2031, indicating a long-term revenue visibility for the company.
RailTel clarified that there is no promoter or group company interest in the awarding entity, and the order does not fall under related party transactions. The company received the work order on March 27, 2026.
RailTel Corporation of India Ltd, a Navratna PSU, was incorporated in 2000 with the objective of building a nationwide broadband, VPN services, telecom, and multimedia network to modernize train control operations and safety systems for Indian Railways. The company’s network currently spans around 6,000 railway stations, covering major commercial hubs across India.
The company has a market cap of over Rs 8,300 crore. The stock price has surged over 162.49 per cent in the last 3 years. The stock has gained around 3.52 per cent from its 52-week low of Rs 251.15 per share.
Disclaimer: The article is for informational purposes only and not investment advice.