RailTel shares lifted by 3% with new order worth Rs 144.88 crore from Gujarat government

New Delhi: State-run RailTel Corporation of India Ltd. on Thursday, October 24, bagged an order worth Rs 144.88 crore from the Gujarat government's Home Department. The contract is to supply installation commissioning and operations maintenance of CCTV video surveillance systems at various branches of LCB SoG cyber police station and LIB and police stations for Cluster 1, 2, and 3, the company said.

The order is to be executed by May 21, 2025.

Previously, Railtel bagged an order worth Rs 48.7 crore from the Health Insurance TPA of India Ltd. The order is for the integrated claims management solution portal and mobile application. It is expected to be completed by June 14, 2030.

The shares of the company were trading 3.18% higher at 409.35 apiece at 9.30 am on Thursday, October 24. The stock has gained 15.93% this year, so far.

The Narendra Modi government granted 'Navratna status' to RailTel Corporation of Inda, making it the 22nd 'Navratna' PSU of the country. The Indian government accords the navratna status to top-tier public sector undertakings (PSUs).

This status allows the organizations to undertake substantial investments of up to Rs 1,000 crores without needing approval from the Centre.