RailTel Corporation of India saw its share price rise on September 5 following the announcement of a new contract worth Rs 10.92 crore from Northern Railways.

By 09:56 a.m., RailTel shares were trading at Rs 497.00, up by Rs 2.70, or 0.55 percent, on the BSE. This contract pertains to a railway telecom project, with a completion deadline set for September 5, 2025.

In addition to this development, RailTel was granted 'Navratna' status by the Ministry of Finance on August 30.

This esteemed status is awarded to government-owned companies with strong financial performance and provides them with increased operational autonomy.

Navratna companies can invest up to Rs 1,000 crore without prior government approval and have greater flexibility in project allocation.

Earlier in August, RailTel also secured a significant work order valued at Rs 52.66 crore from the Uttar Pradesh Police Recruitment and Promotion Board.

This project aims to enhance security and efficiency during recruitment processes through live CCTV surveillance, Aadhaar-based biometric controls, and advanced digital recognition technologies.