Two railway companies receive orders worth over ₹1,100 crore; keep an eye on stocks tomorrow
Suspense Crime, Digital Desk : Buy This: Government Railways stocks surge, these two public sector undertakings (PSUs) get orders worth over Rs 1100 crore RailTel Corporation of India: The company stated that it has acquired a crucial order from the Ministry of Railways worth Rs 334.52 crore for upgrading the e-Office system in its zonal railways as well as in the various administrative units to Version 7.x. With this, the Mandatory use of DSC and eSign will be put in place across the e-Office platform and the order has a deadline to complete it by June 22, 2031.
IRCON International: Another railway and infrastructure giant, state-owned IRCON International, has announced that it has bagged a contract worth Rs 763.10 crore for the Smart Grid Project from Tripura State Electricity Corporation Limited (TSECL). IRCON is a part of a Joint Venture with Badri Rai & Company and has a 26% share, which is expected to be Rs 198.41 crore. The scope of the order involves installation of high tension and low tension power cable networks which are under the earth, SCADA system, Smart grid control centre and fibre optic cable networks, etc. The completion timeline is set at 24 months from the awarded date.
