RailTel Corporation of India shares rose 3% in Tuesday’s trade after the company announced it had received a Letter of Intent (LOI) from Zoram Electronics Development Corporation Ltd. (Zenics) for the Mizo Fibre Grid Network (MFGN) project.

The project is valued at approximately ₹43.99 crore and is expected to be completed by September 5, 2026. The implementation will support the expansion of digital infrastructure in Mizoram. RailTel confirmed that this is a domestic contract and does not involve any party transactions.

As per the company’s regulatory filing, the final contract value will be confirmed upon issuance of the purchase order. The LOI was received on June 17, 2025, at 11:24 AM.

RailTel shares opened at ₹429.50 and, at the time of writing, touched a high of ₹442.80 during the session. The stock also hit a low of ₹422.20 on the same day. RailTel’s 52-week high stands at ₹617.80, while the 52-week low is ₹265.50.

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