RailTel Shares Face Pressure After Rs 600 Crore Order Cancellations

• RailTel Corporation of India Limited announced the cancellation of three work orders totaling approximately Rs 609.56 crore.
• The canceled orders include a Rs 262.14 crore project for smart classrooms in Bihar government middle schools.
• Another canceled order, valued at Rs 89.92 crore, was for supplying teaching-learning material to Bihar government schools.
• A third project worth Rs 257.50 crore from the Bihar Education Project Council was also revoked.
• RailTel shares closed down 0.80% on Tuesday; significant market movement is expected following this news.

Why It Matters: RailTel faces investor scrutiny after Rs 600 crore worth of education-related orders in Bihar were canceled.