09 Dec , 2021 By : monika singh
NEW DELHI: Shares of RailTel Corporation of India climbed 5 per cent in early trade on Thursday as the company bagged an order worth Rs 210.77 crore from
Ircon International
NSE 0.88 % for a slew of development on the Dharam-Banihal section of Jammu and Kashmir rail.
The scrip rose to a high of Rs 124.70 as against the previous close of Rs 119.15 on the National Stock Exchange.
According to reports, RailTel’s order involves the design, supply, testing, and commissioning of tunnel communication systems consisting of emergency call and service telephone, CCTV, tunnel radio and a Public Announcement System.
The project is scheduled to be completed in 12 months. In July-September, RailTel’s profit after tax jumped 130.85 per cent to Rs 67.50 crore as against Rs 29.24 crore the same period a year ago.
The company’s sales climbed 26.69 per cent to Rs 358.49 crore in the quarter under review versus Rs 282.97 crore a year ago.
Last month, RailTel, the technical arm of the Indian Railways, had secured a deal worth Rs 86.90 crore for an integrated tunnel communication system in the Kashmir valley.
The company, a "Mini Ratna (Category-I)" Central Public Sector Enterprise is primarily an information and communications technology provider and one of the largest neutral telecom infrastructure providers in the country, owning a pan-India optic fibre network on exclusive Right of Way (ROW) along Railway track, reports said.
The Optical Fibre Cable (OFC) network covers important towns and cities and several rural areas. The government holds a 72.84% stake in the company.
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