RCom surges on securing various orders worth Rs 150 crore from Govt

31 Aug 2012 Evaluate

Reliance Communications (RCom) is currently trading at Rs. 49.20, up by 0.35 points or 0.72% from its previous closing of Rs. 48.85 on the BSE.

The scrip opened at Rs. 49.10 and has touched a high and low of Rs. 49.75 and Rs. 48.75 respectively. So far 503860 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 109.70 on 22-Feb-2012 and a 52 week low of Rs. 46.60 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs. 55.10 and Rs. 46.60 respectively. The current market cap of the company is Rs. 10103.41 crore.

The promoters holding in the company stood at 67.86% while Institutions and Non-Institutions held 16.30% and 15.47% respectively. 

RCom has bagged various orders worth Rs 150 crore from both central and state governments for providing IT and data connectivity services. The contracts which the company secured over the last few months include order from Madhya Pradesh Border Checkpost Development Company (MPBCDCL), Municipal Corporation of Greater Mumbai (BMC), Karnataka DISCOM and Chattisgarh DISCOM.

The company has entered into 13-year contract with MPBCDCL, wherein it will create network for them to carry both data and video traffic. Further, it has recently signed a three-year facility management agreement with BMC, which will outsource RCom’s IT infrastructure covering its data centre located in Worli along with 24 ward offices across Mumbai.

Moreover, the company has inked five years pact with Karnataka DISCOM for rolling out MPLS (an IT networking technology) service across 850 locations and wireless data connectivity across 60,000 data acquisition points while, it has also signed six-year deal with Chattisgarh DISCOM to roll out MPLS service across 250 locations.

Reliance Comm Share Price

1.48 0.00 (0.00%)
24-Mar-2025 16:59 View Price Chart
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