RailTel shares rise 4% after securing Rs 165 crore order from Western Coalfields

RailTel Corporation of India's shares rose 4% after the company secured a large order from Western Coalfields Limited. This significant contract is worth Rs 164.79 crore and involves setting up a network for the coal company. The news is positive for RailTel as it adds to the company's growing order pipeline, particularly in key public-sector and infrastructure segments, which could boost its revenue and overall performance.

Why it matters

The new order from Western Coalfields has boosted investor confidence in RailTel, leading to a rise in its share price. This could lead to increased investor interest in the company.

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