RailTel Corporation of India has secured a project worth over Rs 2.62 billion from the State Transport Authority Odisha. The company disclosed this development through an exchange filing.

The project involves upgrading the existing Command Control Centre into a Unified Command Control Centre and implementing an Intelligent Enforcement Management System (IEMS) for the State Transport Authority.

This contract follows another recent work order from Madhya Pradesh State Electronics Development Corporation, valued at over Rs 370 million. Additionally, in February, the company received an order worth Rs 2.88 billion from East Central Railway.

Following the announcement, RailTel's stock rose by 3.87 per cent, reaching an intraday high of Rs 300.65 per share on the NSE. The stock has been on an upward trend for the past three days, recording a total gain of 6.29 per cent during this period.

News source: Money Control