RailTel Corporation of India Ltd receives LOI from Zenics

RailTel Corporation of India Ltd. ("the Company") has received a Letter of Intent (LOI) from Zoram Electronics Development Corporation Ltd. (Zenics).

The LOI is for implementation of Mizo Fibre Grid Network (MFGN) Project.

The estimated size of order as per BID is Rs.43.99 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. 426.50 as compared to the previous close of Rs. 432.85. The total number of shares traded during the day was 195576 in over 4318 trades.

The stock hit an intraday high of Rs. 435.85 and intraday low of 424.25. The net turnover during the day was Rs. 83794914.00.

Source : Equity Bulls

Keywords

RailtelCorporationOfIndia INE0DD101019 TelecomServices LOI Zenics