RailTel bags a work order worth Rs 119.72 crore from BCCL

New Delhi: Railtel Corporation of India (Railtel), a Miniratna PSU under the Ministry of Railways, on Friday said that it has received an order worth Rs 119.72 crore from Bharat Coking Coal Limited (BCCL), a Dhanbad based subsidiary company of Coal India Limited (CIL). This order is for the implementation of MPLS-VPN services along with miscellaneous services at 340 locations of BCCL. In a regulatory filing to the stock exchange, the company said, "RailTel has received the work order of total amount of Rs 119.72 crore (including GST) from Bharat Coking Coal Limited (BCCL), for implementation of MPLS-VPN services along with miscellaneous services at 340 locations of BCCL for the period of 60 months."

Earlier in April, RailTel had received an order worth Rs 11.99 crore from the Cotton Corporation of India (CCI) for hiring on-cloud data centre hosting for hardware and software along with the migration of oracle EBS and other applications.

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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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.

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