RailTel Secures ₹89 Crore Central Railway Order; Shares React to Cancellations

• RailTel Corporation of India received an ₹89 crore order from Central Railway for IP-MPLS network equipment.
• The project involves supply, installation, testing, and commissioning at various railway stations across Mumbai, Pune, Solapur, Bhusawal, and Nagpur divisions.
• The new network aims to support a unified communication system within Indian Railways and is to be completed by January 13, 2027.
• RailTel also announced the cancellation of previous work orders worth approximately ₹609.56 crore, including a ₹262.14 crore project from the Bihar Education Project Council.
• On January 14, RailTel shares closed up 3.63% at ₹352.50 on BSE, despite a 5.38% decline in January and a 14% fall over the last 6 months.

Why It Matters: RailTel secured a new ₹89 crore railway order but faced significant project cancellations, impacting its stock performance.