India's Railtel Corp rises after order win

Railtel of India

16/04/2026 07:44

** Shares of Railtel Corporation of India RAIT.NS rise 1.2% to 340.65 rupees, after surging more than 18% in the previous session

** Telecom infrastructure provider bags order worth 1 billion Indian rupees ($10.71 million) from divisional commissioner, Konkan division

** Co to develop and maintain integrated IT solution for monitoring of minor minerals

** RAIT separately received two orders earlier this week worth a combined 3.09 billion rupees

** RAIT trades at a forward 12-month PE of 26.94 vs industry median of 19.37

** YTD, stock down 8.5%

($1 = 93.3437 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))