RailTel Corporation of India share price gained in the opening trade on September 17 following the company received the Letter of Acceptance (LOA) from Bihar State Educational Infrastructure Development Corporation.
At 09:17am, Railtel Corporation of India was quoting at Rs 403.50, up Rs 6.80, or 1.71 percent, on the BSE.
The company received a contract worth Rs 57.48 crore for development of hybrid smart classroom and ICT Lab at different colleges and university in Bihar under PM-USHA Scheme.
The said contract is to be executed by March 16, 2026.
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Earlier in this month, the company has received a Letter of Acceptance (LOA) for an order worth Rs 209.78 crore from the State Project Director (SPD), Bihar Education Project Council (BEPC).
Also, received a work order worth Rs 32.51 crore from Panvel Municipal Corporation, and another project worth Rs 70.94 crore from Nashik Municipal Smart City Development Corporation.
It has received the Letter of Acceptance (LOA) from State Project Director (Spd) Bihar Education Project Council (Bepc) for procurement, supply and installation of smart classrooms at Government Middle Schools. The estimated size of order is Rs 2,62,14,38,750 and to be executed by March 31, 2026.
The share touched a 52-week high of Rs 484.00 and a 52-week low of Rs 265.30 on 20 September, 2024 and 03 March, 2025, respectively.
Currently, the stock is trading 16.63 percent below its 52-week high and 52.09 percent above its 52-week low.
The market capitalisation of the company stands at Rs 12,949.86 crore.
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