RailTel wins ₹197.18 crore repeat order from SBI
In short
RailTel Corporation of India won a repeat order worth ₹197.18 crore from SBI for telecom services across SBI branches in India. The work is for the next five years.
The stock jumped 2% after the news. The exact contract details and execution timeline are not stated in the available reporting.
What the reporting says
RailTel Corporation of India won a repeat order worth ₹197.18 crore from SBI for telecom services across its branches in India for the next five years. The publisher-supplied summary says the deal is for service delivery over that period, but it does not give more contract terms. The immediate market reaction cited in the headline was a 2% rise in the share price.
Why it matters
RailTel Corporation of India secured a repeat telecom-services order from SBI worth ₹197.18 crore, according to the publisher summary. The work covers SBI branches across India for five years. The headline says the share price rose 2% on the news. What is not stated is whether the order changes RailTel’s overall earnings outlook or when the service starts.