Railtel Corp of India jumps on work order from Ircon International

Ircon International

09/12/2021 04:23

** Shares of information and communications technology
infrastructure provider  RAIT.NS  rise as much as 4.66% to
124.70 rupees, marking biggest intraday pct gain since Oct. 22
    ** Co on Wednesday reported https://www.bseindia.com/xml-data/corpfiling/AttachLive/c9357b02-9f59-4cdf-811a-cff0c1e5d558.pdf
 a work order from Ircon International Ltd  IRCN.NS  
    ** Order to design, install and test a tunnel communication
system on the Dharam-Banihal section of the Jammu Kashmir Rail
Link Project
    ** Total cost 2.11 bln rupees ($27.96 mln) and work will be
completed in 12 months - co
    ** About 1.1 mln shares trade by 0406 GMT, 1.2x the 30-day
avg
    ** RAIT stock up 14% since its market debut in late February

($1 = 75.4570 Indian rupees)

 (Reporting by Vishwadha Chander in Bengaluru)
 ((Vishwadha.Chander@thomsonreuters.com))