Shares of RailTel Corporation of India rallied up to 10% today after the company received an order worth ₹166.8 crore from the Employees’ Provident Fund Organisation (EPFO).
RailTel Corporation of India Ltd shares have risen over 5% at market open after the company received a work order worth ₹166.8 crore, including taxes, from the Employees Provident Fund Organisation (EPFO). The company’s shares have fallen over 22% since the beginning of the year and oveer 19% in the past year. The stock is 17% away from hitting its 52-week low of ₹245. Over 66 lakh shares of the company are being traded on the stock market today at 19.39 times the stock’s 10-day average.
RailTel has received an extension of its work order from EPFO for one year for providing Infrastructure-as-a-Service (IaaS) through RailTel. The extended contract is valid until February 9, 2027.
Shares of Atlanta Electricals also gained after the company received a Letter of Intent (LoI) worth ₹193.92 crore, including GST, from Transmission Corporation of Andhra Pradesh Limited (APTRANSCO).
The order involves the design, manufacture, testing and supply of 12 units of 160 MVA, 220/132 kV auto transformers.
The contract further strengthens Atlanta Electricals’ presence in the power transmission segment.
Interarch Building Products gained after the company secured a ₹128 crore order from a leading FMCG major for a pre-engineered manufacturing facility. The project is scheduled to be completed within 10 months.
HG Infra Engineering received LoIs from REC Power Development and Consultancy for the construction of two 220/132/33 kV AIS substations at Ranipur in Mau and Chunar in Mirzapur, along with associated transmission lines in Uttar Pradesh.
The projects were awarded through the tariff-based competitive bidding process.
EMS Limited emerged as the highest bidder (H1) for two NHAI projects involving operations at Rangamati Fee Plaza and Bartana Fee Plaza. The combined estimated order value is ₹42.22 crore.
