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RailTel Corp gains after order win

RailTel Corporation of India rose 3.49% to Rs 123.10 after the company secured a contract for a period of five years worth Rs 11.99 crore. RailTel Corporation of India has received a work order from Cotton Corporation of India, for hiring on-cloud data centre hosting for hardware and software along with migration of Oracle EBS and other applications. The total cost for five years contract period would be Rs 11.99 crore. RailTel Corporation of India posted a 61.1% rise in consolidated net profit to Rs 69.66 crore on a 52% jump in net sales to Rs 410.60 crore in Q3 FY21 over Q3 FY20. RailTel Corporation of India, a public sector undertaking under the Ministry of Railways (MoR), Government of India, is an information and communications technology (ICT) infrastructure provider and is one of the largest.

Shares trade with strong gains; FMCG stocks edge higher

Shares trade with strong gains; FMCG stocks edge higher
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