Announced Tue, 30 Jun · 11:21 IST
RailTel bags Rs 13.6 cr DigiThane platform order from Thane MC
Business Updates View source PDF
RAILTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.5%1-day move
₹306.80
prior close
₹308.65
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.5+0.4—+3.5+2.6+2.7+1.2+1.5-0.7-4.0———
Up moveDown movePending
AI summary
RailTel has secured a Letter of Intent from Thane Municipal Corporation valued at Rs 13.6 crore (including tax) to develop, upgrade, implement, operate and maintain the DigiThane Citizen Engagement Platform over 10 years until June 2036. It is a domestic order from a civic body with no promoter or related party interest. This adds to RailTel's growing e-governance portfolio.
Likely market impact
Positive for order book; long 10-year contract offers steady revenue visibility. Order size is modest relative to RailTel's overall business.