RailTel gains 2% in opening trade after securing Rs 36.35 crore CDAC order

RailTel Corporation of India share price gained 2 percent in the opening trade on March 26 after the company bagged a work order worth Rs 36.35 crore.

At 09:25am, Rategain Travel Technologies was quoting at Rs 779.60, up Rs 14.95, or 1.96 percent, on the BSE.

“Has received work order from Centre For Development Of Advanced Computing for VMWare virtualization licences with 3 years support amounting to Rs 36,35,99,985 (Including Tax),” the company said in its release. The said contract is to be executed by July 19, 2024.\

The company received the work order from State Project Director (Spd) Bihar Education Project Council (Bepc) for the supply of Student Kits (Teaching Learning Material) for Class VI to XII under a rate contract arrangement, amounting to Rs 99,01,95,806 and order amounting to Rs 130.60 crore for the supply of teaching and learning material for Class I to V.

The company also bagged a work order from the Municipal Corporation of Greater Mumbai for the supply, installation, testing, commissioning, operations, and maintenance of HMIS for Health Department of BMC amounting to Rs 351,95,23,654 (Excluding GST).

It also won a work order from the Odisha Computer Application Centre amounting to Rs 113.46 crore for the establishment of an IP-MPLS Network Connectivity in Odisha under OdishaNet Phase 1.0. Moneycontrol