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RailTel bags an order worth Rs 11.99 crore from Cotton Corporation

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New Delhi: Railtel Corporation of India (RailTel), a Miniratna PSU under the Ministry of Railways, on Friday announced that it has received an order worth Rs 11.99 crore from the Cotton Corporation of India (CCI), a PSU under the Ministry of Textile. In a regulatory filing to the stock exchange, the company said, “RailTel has received the work order from Cotton Corporation of India Limited, for hiring on-cloud data centre hosting for hardware and software along-with migration of oracle EBS and other applications.”

“The total cost for five years contract period would be Rs 11.99 crore exclusive of applicable GST,” it added.

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Earlier in April, RailTel had bagged an advance purchase order from the BSNL for the commissioning of the point-to-point links for a period of one year and further extendable by two years.

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On February 26, 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.

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

2. RailTel shares list at a premium, close 29% up amidst market sell-off

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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