Avantel secures ₹460 cr contract for railway tracking system
after close1 source ↓written by the desknot a recommendation
- contract from Zetwerk
- ₹459.9 cr
- of Avantel rose
- 7.60%
- on the BSE
- ₹130.20
Avantel has secured a ₹459.9 cr contract from Zetwerk for the supply and AMC of 12,000 RTIS devices for Indian Railways. This three-year project aims to enhance railway operations through real-time tracking, leveraging satellite technology.
Shares of Avantel rose 7.60% to ₹130.20 on the BSE following the announcement, reflecting positive market sentiment around this significant contract.
Not investment advice. For informational purposes only.