RailTel shares surge 10% Rs 79 crore order win from MHADA

Shares of RailTel Corporation of India surged nearly 10% on Tuesday to the day’s high of Rs 449 on the BSE after receiving a work order from the Maharashtra Housing and Area Development Authority (MHADA) for projects amounting to Rs 79.84 crore.“This is to inform that RailTel Corporation of India Ltd. (“the Company”) has received the work order from Maharashtra Housing And Area Development Authority for Other Project amounting to Rs. 79,84,01,751 (Including Tax),” according to the press release.The contract is for the selection of a service provider (Cloud Hosting and Managed Services) to set up, migrate, and manage the Data Centre (DC) and Disaster Recovery (DR) site for MHADA on the Cloud.The order is to be executed by January 15, 2025 and is based solely in India.In the last two years, shares of RailTel Corporation of India have increased by nearly 300%, and over the last three years, they have surged by 230%.RailTel Corporation of India received its last order from the…