Railtel Corporation of India Ltd. is currently down 1.85% to Rs 249.95, extending a recent decline that has seen the stock slip 2.82% over the last one week.
RailTel Corporation of India Ltd. announced it has secured a work order from Northern Coalfields Limited for the provision of primary MPLS VPN connectivity to support ERP implementation across NCL locations, on a rental basis for a period of 5 years, to be executed by 30-OCT-31. The total value of the order, including tax, is Rs 63,81,24,648, and the company confirmed that neither the promoter group nor any group companies have any interest in Northern Coalfields Limited, and the order does not constitute a related party transaction.
Railtel Corporation of India Ltd. shares saw a trading volume of 3.43 lakh today, a decrease of 59.76% compared to the average volume over the last one week. Railtel Corporation of India Ltd. has plunged by 36.07% year-over-year, underperforming the 9.98% loss registered by the NIFTY50 index.
