RailTel bags 10-yr order from Thane Municipal Corp for DigiThane platform

Govt Defence OrderBusiness Updates View source PDF Explain this filing

RAILTEL · price

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Price reactionminutes from the announcement price · days from the prior close

+0.5%Reaction day

₹306.80

prior close

₹310.05

announcement price

In-mkt

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Nifty Smallcap 250market+0.6%-0.0% vs market

Telecom - Services peers, median of 17sector · industry level+0.4%+0.1% vs sector

On the reaction day the stock moved in line with Nifty Smallcap 250 and 0.1 pts more than its Telecom - Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Telecom - Services peers, median of 17Pending

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AI summary

RailTel received a Letter of Intent from Thane Municipal Corporation to serve as technology partner for the development, upgradation, implementation, operation and maintenance of the DigiThane Citizen Engagement Platform for 10 years. Estimated order size is Rs. 13.6 crore inclusive of tax, with execution deadline of June 28, 2036. Domestic order, no related party interest.

Likely market impact

Adds a long-tenure government order to the order book, though modest in size relative to RailTel's overall revenue base.