Railtel Corporation zooms over 8% on securing ₹113-crore order in Odisha

Shares of Railtel Corporation Ltd surged more than 8% on Friday, March 15, after the company announced receiving an order worth ₹113 crore from the Odisha Computer Application Centre (OCAC).

In a filing to the stock exchanges, Railtel Corporation disclosed that the company received an order for establishing an IP-MPLS Network Connectivity in Odisha as part of the OdishaNet Phase 1.0 initiative.

The contract, valued at ₹113.46 crore, is slated for completion by September 13, 2025, Railtel informed the bourses.

Earlier this month, Railtel Corporation received a work order from the State Transport Authority of Odisha, valued at ₹87.85 crore. This order calls for the upgradation of the existing Command Control Centre to a Unified Command Control Centre, as well as the implementation of an Intelligent Enforcement Management System (IEMS). The contract will be executed within 365 days of the date of the Letter of Award (LoA).

In February 2024, the state-run company was awarded a work order by Prasar Bharati Broadcasting Corporation of India. This order, worth ₹139.73 crore, pertained to selection of a Master System Integrator to design, develop, install, operate, and manage the OTT platform. The project is scheduled to be completed by December 11, 2024.

Railtel is one of India’s leading neutral telecom infrastructure providers. It owns a pan-India optic fibre network with unique right-of-way along railway tracks, delivering broadband communications and multimedia networks throughout India.

Shares of Railtel Corporation closed 4.2% higher at ₹352 apiece on NSE.