Major Railway PSU stocks, including IRCTC and Ircon surges over 5%
The state-owned company informed the stock exchange that it received an order from the Department of Education Samagra Shiksha, valued at Rs 15.98 crore (including tax).
Major Railway PSU stocks, including IRCTC and Ircon surges 5% ahead of Union Budget 2025
Shares of Railtel Corporation, a public-sector undertaking in the railway sector, rose nearly 5% in early trading on Saturday, February 1, following the announcement that the company secured multiple orders totaling nearly Rs 221 crore. The stock rallied by as much as 4.86%, reaching an intraday high of Rs 426.4 per share on the NSE. However, it later pared some of its gains and was trading 2.83% higher at Rs 418.1 at 9:55 a.m.
The state-owned company informed the stock exchange that it received an order from the Department of Education Samagra Shiksha, valued at Rs 15.98 crore (including tax). Additionally, RailTel secured an order worth Rs 100 crore from a Defence PSU to establish a data center and disaster recovery center.
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As per the order from the Department of Education Samagra Shiksha, the railway PSU will establish robotics, drone, and Atal Tinkering Labs in 160 government schools across Himachal Pradesh. The order will be executed by November 2025. The order will be executed by May 2025, the company informed the stock exchanges.
The railway PSU also bagged another order from Maharashtra State Power Generation Company Ltd for the restructuring of its IT network. The order, worth Rs 104 crore, pertains to the restructuring of the IT network. Railtel will execute the order by January 2030.
Shares of IRCTC also increased up to 1% to an intraday high of Rs 831.75 apiece on the NSE. Jupiter Wagons Ltd stock rose as much as 7.6% to a high of Rs 431 apiece on the NSE. IRCON International rose over 3.6% to a high of Rs 229.5 apiece in the morning deals on NSE.
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