Archive · 5 Jun 2025
RailTel Shares Surge on New Traffic Management Contract
RailTel, a company involved in telecom infrastructure, saw its stock price rise.
This is because the company won a contract to create a smart traffic system in Maharashtra.
The project, worth over 274 crore rupees, involves installing technology to manage traffic in certain areas.
This project is expected to take ten years to complete.
Separately, RailTel is partnering with Techno Electric to build a data center, showing the company's expansion.
RailTel shares increased by over 4% on Thursday.
The company received a Letter of Intent from the Motor Vehicles Department, Maharashtra.
The order is for an Intelligent Traffic Management System (ITMS).
The ITMS project is valued at approximately ₹274.40 crore.
The project is expected to be completed by September 4, 2036.
- Who
- RailTel Corporation of India Ltd.
- What
- Received a Letter of Intent for a traffic management system.
- When
- June 5
- Where
- Maharashtra
- Why
- Due to the order from the Motor Vehicles Department
- RailTel Trading Price
- ₹453.10
- RailTel Share Gain
- 4%
- ITMS Order Value
- ₹274.40 crore
- ITMS Project Duration
- 10 years
- ITMS Completion Date
- September 4, 2036
