Financial Wire

RailTel Corporation of India Gets Letter of Acceptance for Order Worth INR2.55 Billion; Shares Jump 12%

-- RailTel Corporation of India (NSE:RAILTEL, BOM:543265) has received a letter of acceptance for an order worth 2.55 billion Indian rupees from Rail Vikas Nigam (NSE:RVNL, BOM:542649), according to a Tuesday filing to the Indian stock exchanges.

The company's shares were up nearly 12% in recent trade.

The contract is for the supply, installation, testing, and commissioning of integrated communication systems for tunnels T-1 to T-7 of integrated tunnel communication systems, including VHF Simplex System, CCTV System, PA system, and call points, among others.

The project is expected to be completed on April 12, 2028.

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