India's Railtel Corp gains on 11.36 billion rupee order win

Railtel of India

23/02/2026 03:54

** Shares of Railtel Corporation of India RAIT.NS rise nearly 3% to 333 rupees

** State-owned telecom infrastructure provider gets order worth 11.36 billion rupees ($125.2 million)

** Co receives a letter of intent, in a consortium with Ashoka Buildcon ABDL.NS, for a multi-year modernization project in the state of Maharashtra

** ABDL rises 3.4% to 147 rupees

** YTD, RAIT lost ~13%, ABDL down 15%

($1 = 90.7480 Indian rupees)

 (Reporting by Komal Salecha in Bengaluru)

 ((Komal@thomsonreuters.com))