RailTel Corporation of India’s shares demonstrated a promising start on March 26, gaining 2% in the opening trade session, propelled by the news of the company securing a significant work order valued at Rs 36.35 crore.
At 09:25 am, on the Bombay Stock Exchange (BSE), RailTel Corporation was trading at Rs 779.60, reflecting a notable uptick of Rs 14.95, equivalent to a 1.96% increase.
In its official statement, the company revealed that it had clinched a work order from the Centre for Development of Advanced Computing. The order entails the procurement of VMWare virtualization licenses accompanied by three years of support services, amounting to Rs 36,35,99,985, inclusive of taxes. The contract is slated for execution by July 19, 2024.
This development underscores RailTel Corporation’s continued success in securing significant projects and reinforces its position as a key player in the technology infrastructure sector. Investors welcomed the news, reflecting their confidence in the company’s ability to deliver and capitalize on emerging opportunities in the market.
The recent endeavors of the company have led to the acquisition of several notable work orders across various sectors, showcasing its versatility and capability in delivering comprehensive solutions:
Firstly, the State Project Director (Spd) Bihar Education Project Council (Bepc) has entrusted the company with a significant project. This involves the supply of Student Kits (Teaching Learning Material) for students from Class VI to XII under a rate contract arrangement, amounting to a substantial sum of Rs 99,01,95,806. Additionally, recognizing the company’s expertise, an order totaling Rs 130.60 crore has been awarded for the supply of teaching and learning material catering to students from Class I to V.
In another significant development, the Municipal Corporation of Greater Mumbai has chosen the company to spearhead a crucial initiative. This entails the supply, installation, testing, commissioning, operations, and maintenance of a Health Management Information System (HMIS) for the Health Department of BMC. The project, valued at a staggering Rs 351,95,23,654 (Excluding GST), underscores the company’s commitment to delivering innovative solutions in the healthcare sector.
Furthermore, the company has expanded its footprint in Odisha with a substantial project from the Odisha Computer Application Centre. This initiative involves the establishment of an IP-MPLS Network Connectivity in Odisha under OdishaNet Phase 1.0, amounting to Rs 113.46 crore. By undertaking such pivotal projects, the company continues to solidify its position as a trusted provider of cutting-edge solutions, further enhancing its reputation in the industry.
These recent achievements not only demonstrate the company’s ability to secure significant contracts but also underscore its commitment to contributing to various sectors through technological innovation and operational excellence.
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