RailTel bags an advance purchase order of Rs 25.46 crore from BSNL

New Delhi: Railtel Corporation of India (RailTel), a PSU under the Ministry of Railways, on Thursday announced that it has received an order worth Rs 25.46 crore from Bharat Sanchar Nigam Limited (BSNL). This advance purchase order from the BSNL for the commissioning of the point-to-point links will be valid for a period of one year and further extendable by two years. This information has been shared by the Railways PSU in a regulatory filing to the stock exchanges on Thursday.

Recently, RailTel launched its initial public offering (IPO), which was subscribed by 42.39 times. The issue opened for bidding on February 16 and closed on February 18. The price band for the IPO was set at Rs 93-94 per share.

Shares of RailTel were listed on the stock exchanges on February 26. On day one, the shares of the company on trading closure settled at Rs 121.40 per share on BSE and Rs 120.60 per share on NSE. The shares touched a high of Rs 125.50 with a premium of 33.51 percent on BSE and Rs 127.85 with a premium of 36.01 percent on NSE.

ALSO READ: RailTel IPO to open on Feb 16; price band fixed at Rs 93-94

RailTel

RailTel is a Miniratna PSU under the Ministry of Railways. It is an ICT provider and one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fibre network on exclusive Right of Way (ROW) along Railway track. The OFC network covers all important towns & cities of the country and several rural areas. RailTel offers a diversified portfolio of ICT services and solutions including MPLS-VPN, leased lines services, TPaaS, e-Office services and data centre services, large network hardware system integration, software and digital services to enterprises, public sector banks, defence organisations and educational institutions, operated through data centres located in Gurugram, Haryana, Secunderabad and Telangana to host and collocate critical applications for customers, including the Indian Railways. 

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