Business

RailTel Corporation Edges Greater After Bagging Order Worth Rs 23.43 Crore For Sagar Cable Network

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Shares of RailTel Corporation settled 0.56 percent greater at Rs 143.20 on the BSE.Share price of RailTel Corporation edged greater by around one per cent on Thursday, July 8, a day after the central public sector enterprise won an order worth Rs 23.43 crore from Sagar Cable television Network.

On Thursday, RailTel Corporation opened on the BSE at Rs 145.40, inching to an intra day high of Rs 146.40 and an intra day low of Rs 142, during the trading session today.

According to a regulatory filing by the business to exchanges, the work of the particular order involves offering the multicast drop and bring 1.5 G capacity at 66 places for a duration of 5 years.On the NSE, RailTel Corporation opened at Rs 144.95 and swung to an intra day high of Rs 146.70 and an intra day low of Rs 142, during the session today.

It settled 0.46 percent greater at Rs 143.05 on the NSE.

Shares of RailTel Corporation settled 0.56 percent greater at Rs 143.20 on the BSE.Incorporated in 2000, RailTel Corporation is a tiny ratna (Category-I) central public sector entity.

Being one of the largest neutral telecom facilities service providers in India, it concentrates on offering VPN and broadband services.

The company has more than 55,000 path kilometers of optical fiber cable network.

RailTel has actually connected a number of train stations throughout the Indian Train network with prepaid WiFi services.The WiFi services permit guests to access high-speed internet at stations, and the facility can be availed by anybody with a smart device and an active connection after an OTP-based verification.RailTel Corporation's 819 crore preliminary public deal (IPO) was a sell, as part of the government's divestment program.

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