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Shares of RailTel settled 3.52 per cent higher at Rs 123.35 apiece on the BSE.Indian Railways’ PSU RailTel Corporation has received a Rs 210.7 crore contract to install an integrated tunnel communication system in Dharam-Banihal section of the ongoing Jammu and Kashmir (J&K) rail link project.The contract will include works on design, supply, testing and commissioning of the tunnel communication system, comprising emergency call and service telephone, CCTV, tunnel radio, and public announcement system in the tunnel environment, according to RailTel’s statement today.The contract has been awarded 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 – popularly known as USBRL (Udhampur -Srinagar -Baramulla rail link) is a 272 km-long railway line and is being built as a national project. The sections from Jammu to Katra and Banihal to Baramulla have been built and are currently operational.The remaining 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 contract for installing a similar communication system for the Katra-Dharam section of the rail link from Konkan Railway Corporation, which built the section. RailTel Corporation focuses on providing broadband and VPN services. The state-run entity was incorporated in September 2000 with the objective of creating a nationwide 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 apiece on the BSE.



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