President of India Backed Company Secures Rs 100 Crore Konkan Division IT Project: Stock Zooms Over 20% in A Week

RailTel Corporation of India Ltd has received a Letter of Intent (LoI) from the Divisional Commissioner, Konkan Division, for a major IT infrastructure project aimed at monitoring minor minerals.

The contract involves the selection of a system integrator for the development and maintenance of an integrated IT solution. The project is expected to run for a period of five years, with execution scheduled to be completed by April 14, 2031.

The estimated size of the order stands at approximately Rs 100 crore, excluding Taxes, as per the LoI issued by the authority.

Under the scope of the project, RailTel will be responsible for designing, implementing and maintaining a digital monitoring system to streamline oversight of minor mineral activities in the Konkan Division. Such systems are increasingly being deployed by government authorities to enhance transparency, regulatory compliance and data-driven governance in mining operations.

RailTel received the work order on April 15, 2026, at 17:13.

About RailTel Corporation of India Ltd

RailTel Corporation of India Ltd is a Navratna public sector undertaking under India's Ministry of Railways. It specialises in telecom infrastructure, leveraging optical fibre networks along railway tracks.

RailTel Corporation of India Ltd Share Price Performance

RailTel Corporation of India Ltd share price stood at Rs 344.80 as of 09:45:32 IST on April 16, 2026, registering a gain of Rs 8.07 or 2.40 per cent in early trade.

The stock has witnessed strong momentum in the short term. Over the past one week, it has delivered returns of 21.91 per cent, while gains over the last one month stand at 27.54 per cent.

However, on a year-to-date (YTD) basis, the stock remains under pressure, declining 7.18 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.