RailTel Corporation of India’s shares surged by 10% in intraday trading on 16th October, 2024, hitting ₹449 per share, after securing a ₹79 crore contract from the Maharashtra Housing and Area Development Authority (MHADA). The project includes setting up, migrating, and managing a cloud-based data center and disaster recovery site for MHADA.

This marks RailTel's third major order in October. Earlier, on October 2, the company secured two contracts worth ₹142.87 crore from Bangalore Metro Rail Corporation Ltd for IT network infrastructure and CCTV system upgrades at metro stations and depots.

RailTel, a leading PSU under the Ministry of Railways, has been delivering remarkable performance under the guidance of CMD Sh. Sanjai Kumar. With a focus on technological advancement and expanding digital infrastructure across the Indian Railways, RailTel has consistently met key milestones, including network expansion and service improvement. Under Kumar's visionary leadership, the organization is set to scale new heights in transforming railway communications, contributing significantly to the modernization of India’s railway system.

Source/RSB