RailTel Corporation of India Ltd consortium receives LoI for order

RailTel Corporation of India Ltd. ("the Company") in consortium with M/s Ashoka Buildcon Ltd has received the Letter of Intent (LoI) from Inspector General Of Registration.

As per LoI, the accepted rate per page is Rs 24.75 (Page refers to a scanned single side page of a registered document). The consideration value is not stated in the LoI. The average no of pages scanned per years, over the last five years as per the RFP is 9.18 Cr pages. Accordingly, the expected financial impact for the five-year contract period will be approx Rs 1136.18 Crores. However, actual figures may vary.

Shares of Ashoka Buildcon Limited was last trading in BSE at Rs. 142.85 as compared to the previous close of Rs. 146.65. The total number of shares traded during the day was 27832 in over 794 trades.

The stock hit an intraday high of Rs. 149.60 and intraday low of 142.35. The net turnover during the day was Rs. 3996162.00.

Shares of Railtel Corporation Of India Limited was last trading in BSE at Rs. 324.25 as compared to the previous close of Rs. 329.00. The total number of shares traded during the day was 114006 in over 3295 trades.

The stock hit an intraday high of Rs. 334.65 and intraday low of 323.00. The net turnover during the day was Rs. 37196654.00.

Source : Equity Bulls

Keywords

AshokaBuildcon INE442H01029 RailtelCorporationOfIndia INE0DD101019 Consortium LoI