{"id":62402,"date":"2024-10-16T13:43:27","date_gmt":"2024-10-16T13:43:27","guid":{"rendered":"https:\/\/efimarkets.com\/blog\/?p=62402"},"modified":"2024-10-16T13:54:25","modified_gmt":"2024-10-16T13:54:25","slug":"railtel-shares-surge-10-after-securing-%e2%82%b979-crore-contract-from-mhada","status":"publish","type":"post","link":"https:\/\/efimarkets.com\/blog\/railtel-shares-surge-10-after-securing-%e2%82%b979-crore-contract-from-mhada\/","title":{"rendered":"RailTel Shares Surge 10% After Securing \u20b979 Crore Contract from MHADA"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"62402\" class=\"elementor elementor-62402\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e260a2d e-con-boxed e-flex e-con\" data-id=\"e260a2d\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c5fbb29 elementor-widget elementor-widget-image\" data-id=\"c5fbb29\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.0 - 24-04-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.livemint.com\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" loading=\"lazy\" width=\"788\" height=\"447\" src=\"https:\/\/efimarkets.com\/blog\/wp-content\/uploads\/2024\/10\/rail.png\" class=\"attachment-large size-large wp-image-62403\" alt=\"RailTel Shares Surge\" srcset=\"https:\/\/efimarkets.com\/blog\/wp-content\/uploads\/2024\/10\/rail.png 788w, https:\/\/efimarkets.com\/blog\/wp-content\/uploads\/2024\/10\/rail-300x170.png 300w, https:\/\/efimarkets.com\/blog\/wp-content\/uploads\/2024\/10\/rail-768x436.png 768w\" sizes=\"(max-width: 788px) 100vw, 788px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f8a002b e-con-boxed e-flex e-con\" data-id=\"f8a002b\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0b9ec5b elementor-widget elementor-widget-text-editor\" data-id=\"0b9ec5b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.0 - 24-04-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"color: #000000;\">Railtel shares surge the Investors have responded positively to RailTel\u2019s steady stream of orders this year. As a result, the company\u2019s share value has risen by 31% year-to-date. Impressively, RailTel concluded CY23 with a remarkable 168% gain.<\/span><\/p><h3><span style=\"color: #000000;\">RailTel Shares Surge on Winning \u20b979 Crore MHADA Contract<\/span><\/h3><p><span style=\"color: #000000;\">On Wednesday, RailTel Corporation of India shares surged by 10%, reaching \u20b9449 per share. This increase came after the company secured a \u20b979 crore contract from the Maharashtra Housing and Area Development Authority (MHADA). The project involves setting up and managing a cloud-based data centre, along with a disaster recovery site for MHADA.<\/span><\/p><h3><span style=\"color: #000000;\">A Third Contract Win in October<\/span><\/h3><p><span style=\"color: #000000;\">This month, RailTel has already secured three contracts. On October 2, the company won two orders from Bangalore Metro Rail Corporation Ltd. These contracts, worth \u20b9142.87 crore, include IT Network Infrastructure for metro stations and depots. They also cover upgrading the CCTV system on Reach 1, along with maintenance services.<\/span><\/p><h3><span style=\"color: #000000;\">RailTel&#8217;s Strong September Finish<\/span><\/h3><p><span style=\"color: #000000;\">RailTel wrapped up September with five new orders. One major contract, valued at \u20b9134 crore, came from Adani Connex for an Advanced Smart Metering Infrastructure Project. Additionally, the company received a \u20b948.7 crore order from the Health Insurance TPA of India. This project involves developing an integrated claims management system and mobile application, with a completion date set for June 14, 2030.<\/span><\/p><h5><span style=\"color: #000000;\">Trade Anytime, Anywhere with EFI\u00a0Markets<\/span><\/h5><p><span style=\"color: #000000;\">EFI Markets is a trusted<\/span>\u00a0<a href=\"https:\/\/efimarkets.com\/stocks\">stock market trading platform<\/a><span style=\"color: #000000;\">,\u00a0making trading easy with its efficient interface and a variety of tools and features.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Railtel shares surge the Investors have responded positively to RailTel\u2019s steady stream of orders this year. As a result, the company\u2019s share value has risen by 31% year-to-date. Impressively, RailTel concluded CY23 with a remarkable 168% gain. RailTel Shares Surge on Winning \u20b979 Crore MHADA Contract On Wednesday, RailTel Corporation of India shares surged by &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/efimarkets.com\/blog\/railtel-shares-surge-10-after-securing-%e2%82%b979-crore-contract-from-mhada\/\"> <span class=\"screen-reader-text\">RailTel Shares Surge 10% After Securing \u20b979 Crore Contract from MHADA<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":62403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[12,3],"tags":[20,14,5,34,18],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RailTel Shares Surge 10% After Securing \u20b979 Crore<\/title>\n<meta name=\"description\" content=\"RailTel shares surge 10% as the 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