RailTel Stock Surges 5% After Securing ₹187 Crore Order.

Shares of RailTel Corporation of India surged by up to 4.98% to reach an intraday high of ₹549.55 per share on Tuesday, July 23, following the announcement of a significant new order.

The boost in stock price came after RailTel disclosed in an exchange filing that it had received a work order from the Ministry of Railways (Railway Board). The order is for the design, development, implementation, operations, and maintenance of the Hospital Management Information System (HMIS) and the Integrated Empanelled Hospital Referral Portal for Indian Railways, valued at ₹186.81 crore, including taxes.

RailTel is tasked with delivering the project within a timeframe of 48 months, or four years, according to the company's statement.

BS