RailTel Corporation bags work order worth Rs12cr; Stock spurts 3.5%

The total cost for five years contract period would be Rs11.99cr exclusive of applicable GST.

May 07, 2021 12:51 IST India Infoline News Service

RailTel Corporation of India has informed that the Company has received the work order from Cotton Corporation of India Limited.

The work order is for hiring on-cloud Data Centre hosting for Hardware and Software alongwith migration of Oracle EBS and other applications.

The total cost for five years contract period would be Rs11.99cr exclusive of applicable GST.

At around 12:51 PM, RailTel Corporation was trading at Rs123.15 per piece higher by Rs4.15 or 3.49% on Sensex.

Previously, the scrip was closed at Rs118.95 per piece on the BSE.

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