Stock in Focus: Amidst the ups and downs of the stock market, positive news has emerged for two government companies. Both of them have received orders related to new projects. On one hand the company has got work related to banking infrastructure. Whereas, the other has got a big technical project related to the railway network.
Government company NBCC (India) Ltd has received a work order worth about ₹55.02 crore from Indian Overseas Bank (IOB). Under this order, NBCC has to do the work of planning, designing, execution and handover of the new regional office of IOB in Raipur. The company will complete this project as Project Management Consultancy (PMC).
Another important information related to NBCC has also come to light. On Monday, January 12, HSCC (India) Ltd, a wholly owned subsidiary of NBCC, has signed a Memorandum of Understanding (MoU) with Bharat Electronics Ltd (BEL).
Shares of NBCC (India) Ltd closed with a slight fall. The company’s shares closed 0.09 percent lower at ₹105.22.
Telecom infrastructure company RailTel Corporation of India Ltd has received Letter of Acceptance (LoA) from Central Railway. The project involves supply, installation, testing and commissioning (SITC) of IP-MPLS network equipment across several railway divisions. This network will be deployed to support unified communication in Indian Railways.
According to RailTel, this project will be implemented at different stations of Mumbai, Pune, Solapur, Bhusaval and Nagpur divisions under Central Railway. This project is to be completed by 13 January 2027. However, RailTel also gave a negative update. It informed the exchanges that several work orders worth about ₹609.56 crore have been cancelled.
These also include the Smart Classroom Project worth ₹262.14 crore received from Bihar Education Project Council. This project was related to supply and installation of smart classrooms in government middle schools of Bihar. It was canceled by the client due to some technical reasons.
Shares of RailTel Corporation of India Ltd were under pressure on Wednesday. It closed 3.63 per cent lower at ₹352.50.
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