RailTel Corporation of India Ltd receives LOI for order worth approx Rs. 274.40 crore

RailTel Corporation of India Ltd. ("the Company") has received a Letter of Intent (LOI) from Motor Vehicles Department, Maharashtra.

The order is for Design, Implement, Operate and Maintain Intelligent Traffic Management System (ITMS) on various blackspots / vulnerable spots in the Vidarbha Circle for a period of 10 years.

The estimated size of order as per RFP is Rs. 274.40 Cr. The exact value will be known once PO is issued.

Shares of Railtel Corporation Of India Limited was last trading in BSE at Rs. 461.05 as compared to the previous close of Rs. 442.30. The total number of shares traded during the day was 1236011 in over 20569 trades.

The stock hit an intraday high of Rs. 464.70 and intraday low of 439.30. The net turnover during the day was Rs. 561004187.00.

Source : Equity Bulls

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