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PSU stock jumps 4% after receiving order ₹19 Cr from Border Security Force

PSU stock secured a ₹19.08 crore order from BSF to develop private cloud infrastructure, reinforcing its expertise in IT and cloud solutions for government and defense sectors.
PSU stock won ₹19.08 crore BSF order for private cloud, boosting IT expertise.
PSU stock won ₹19.08 crore BSF order for private cloud, boosting IT expertise.

Introduction:

PSU stock has secured a ₹19.08 crore work order from the Border Security Force for setting up a private cloud infrastructure. The project, scheduled for completion by June 3, 2025, strengthens its expertise in IT and cloud solutions for government and defense sectors.

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Share Price movement of RailTel Corporation of India:

On March 6, 2025, RailTel Corporation of India Ltd opened at ₹292.00, reaching a high of ₹300.65, up 4% from its previous close of ₹289.45, and a low of ₹290.20. The stock closed at ₹295.35, with a market cap of ₹9,478.92 crore.

RailTel Corporation of India received new order:

RailTel Corporation of India Ltd. has secured a work order from the Border Security Force (BSF) valued at ₹19.08 crore. The contract involves the Supply, Installation, Testing, and Commissioning (SITC) of hardware and software for setting up BSF’s private cloud infrastructure.  

The project is a domestic contract and is scheduled for completion by June 3, 2025. The work order aligns with RailTel’s expertise in providing advanced IT and cloud-based solutions for government entities, reinforcing its position in the digital infrastructure sector.  

There are no related-party transactions or promoter interests associated with this contract. The official work order was received on March 6, 2025, at 10:00 AM. This deal strengthens RailTel’s footprint in defense-related digital projects, further expanding its service portfolio.

Also Read: Aluminium stock jumps 5% after it announces expansion of its business

Stock performance of RailTel Corporation of India  for Period of 1 week, 6 months and 1 year:

Over the past week, RailTel Corporation of India’s stock declined by 2.74%, reflecting short-term market volatility. In the last six months, the stock saw a 40.3% drop, indicating sustained downward pressure. Over the past year, it recorded a 30.8% decline, highlighting long-term underperformance.

Also Read: Stock jumps 5% after receiving multiple orders worth ₹190 Cr

Shareholding pattern of RailTel Corporation of India:

All values in %Dec-24Sep-24Jun-24
Promoters72.8472.8472.84
FII3.343.052.15
DII0.360.612.86
Retail & others23.4523.5122.14
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About RailTel Corporation of India :

RailTel Corporation of India is a Miniratna PSU under the Ministry of Railways, providing telecom, IT, and broadband services across India. It specializes in digital infrastructure, cloud computing, cybersecurity, and railway network connectivity, supporting government and defense projects with advanced technological solutions.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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