Shares of RailTel settled 3.52 percent higher at Rs 123.35 apiece on the BSE.Indian Railways' PSU RailTel Corporation has actually gotten a Rs 210.7 crore contract to set up an integrated tunnel communication system in Dharam-Banihal area of the continuous Jammu and Kashmir (J-K) rail link project.The contract will include works on design, supply, screening and commissioning of the tunnel communication system, making up emergency call and service telephone, CCTV, tunnel radio, and public statement system in the tunnel environment, according to RailTel's declaration today.The agreement has been granted to RailTel by the IRCON International Limited, which is another PSU under the Ministry of Railways.
IRCON is constructing the railway line in Dharam-Banihal section of the rail link project.The Jammu and Kashmir rail link project - commonly called USBRL (Udhampur -Srinagar -Baramulla rail link) is a 272 km-long train line and is being developed as a national project.
The sections from Jammu to Katra and Banihal to Baramulla have been developed and are presently operational.The staying track from Katra to Banihal is under-construction and is targeted for completion by next year, RailTel said.Last month, RailTel had bagged a Rs 86.90 crore agreement for setting up a comparable communication system for the Katra-Dharam section of the rail link from Konkan Railway Corporation, which constructed the area.
RailTel Corporation focuses on supplying broadband and VPN services.
The state-run entity was incorporated in September 2000 with the goal of producing an across the country broadband, telecom and multimedia network, to modernise the train control operation and safety system of the Indian Railway network.On Thursday, December 9, shares of RailTel settled 3.52 per cent higher at Rs 123.35 each on the BSE.