Getting a big order of 90 crores can lead to tremendous boom today

News India Live, Digital Desk: The stock of Raltail Corporation of India Limited is likely to watch a strong movement on Monday, 28 April. The company has recently received a large order of Rs 90.08 crore from the Institute of Road Transport (IRT), increasing the expectation of investors.

In the information given to the Bombay Stock Exchange (BSE), RailTel said that it has received a total contract of Rs 90.08 crore including tax from the Institute of Road Transport. Under this order, RailTel will take responsibility for the design, development, supply, implementation, operation and maintenance of the Enterprise Resource Planning (ERP) system for the three major transport corpores-MTC Limited Chennai, TNSTC-Coimbatore, and TNSTC-Coimbi-and the design of the system, development, supply, implementation, operation and maintenance of the design of the system. The company clarified that this project is not a related party transaction. The scheduled date of completion of this project is 18 October 2026.

Earlier in March, RailTel received an order of Rs 25.15 crore from Hindustan Petroleum Corporation Limited (HPCL). In February, RailTel also achieved a large contract of Rs 288 crore, under which 71 stations will install a armor anti-cholizan system. This advanced automatic train protection system is effective in preventing train accidents.

On Friday, RailTel’s shares fell nearly 5 per cent to close at Rs 301.60 on BSE. Although this year, RailTel’s stock has fallen by about 25.52 per cent so far, in the last four years, investors have received a strong return of more than 148 per cent. Currently the market capitalization of RailTel is Rs 9,679.50 crore.

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