RailTel Corporation share Price: Shares of state-run railway company RailTel Corporation rose by 7 percent in intra-day trade on the BSE on Thursday (January 2). The PSU stock was heavily bought after a large order from another government company pushed its price higher.

Let us tell you that another government company Bharat Coking Coal has given a work order of Rs 78 crore to RailTel Corporation. After this order, the shares of the railway company have increased. The share price of RailTel on BSE was up 6.63 percent or Rs 26.85 to Rs 431.80 per share around 10:30 am. In comparison, the BSE Sensex was trading at 78,814.17, up 0.39%.

RailTel Corporation share history

The market cap (Mcap) of RailTel Corporation stood at Rs 13,819.61 crore. The stock has a 52-week high of Rs 618 and a 52-week low of Rs 301.35 per share. The stock has faced challenges in the recent past as its price has declined by 10.74% in the last six months. However, the stock has given a return of 21.22% in the last one year and 236.96% in two years.

What order did Railtel Corporation receive?

"Railtel Corporation of India Limited has received a work order worth Rs 78,43,30,164 (inclusive of taxes) from Bharat Coking Coal Limited," the company said in a regulatory filing on Thursday.

Under the order, RailTel will have to provide integrated information technology (IT) based infrastructure with various services. This work has to be completed by 28 August 2025. Earlier on December 16, the company had received an order of Rs 37.99 crore for SITC of CCTV from Central Warehousing Corporation.

What does Railtel Corporation do?

RailTel Corporation of India Limited is a Public Sector Undertaking (PSU) company operating under the Ministry of Railways. The company was incorporated in 2002 to modernise and better utilise the telecom network of Indian Railways. It operates one of India's largest optical fibre cable networks, covering over 60,000 route kilometres along railway tracks, and provides broadband, telecom and data services.