The country's stock market has been showing a downward trend since Wednesday morning. In this environment, a state-owned company's stock witnessed a sharp decline. Public sector company RailTel Corporation's share price fell by nearly 2.5 per cent to ₹331.80. In 2026, this stock's price has decreased by approximately 9 per cent. Market experts say the fall in this company's stock is due to the cancellation of a large work order.
RailTel had received a substantial work contract from the Bihar Education Project Council. This order came to the state-owned company in September 2025. On January 14, the company announced in a stock exchange filing that this order had been cancelled. The combined value was ₹609 crore 56 lakh.
Also Read | Why did Sensex and Nifty take a hit today? Key reasons behind the market fall
The first order was worth ₹257.50 crore. Under this project, RailTel was to install smart classrooms in various secondary and senior secondary schools of the Bihar government. The second project was valued at ₹262.14 crore. Under this project, smart classrooms were to be created in middle schools. The cancellation of both these projects has impacted the company's stock.
However, earlier this month, the company received a work order worth ₹56 crore 71 lakh from the Assam Health Infrastructure Development and Management Society. RailTel has also received a contract worth ₹101 crore 82 lakh from the Public Financial Management System.
{News Ei Samay does not provide investment advice anywhere. Investment and trading in the share market or any field involve risk. Proper study and expert advice are recommended beforehand. This news is published for educational and awareness purposes.}
