Exicom Tele-Systems Shares Hit Upper Circuit On Rs 1,412-Crore Order From RVNL
The shares of Exicom Tele-Systems rose as much as 5% to 243.99 apiece.
The shares of Exicom Tele-Systems Ltd. hit their upper circuit on Friday after the company bagged a Rs 1,412-crore order from Rail Vikas Nigam Ltd. The advance purchase order is for the supply of telecom equipment.
The RVNL order includes the supply of power systems and racks for three years, the company said in an exchange filing on Friday. The order also includes maintenance of the telecom equipment for a period of 10 years.
The order is for the Bharat Net Phase III project in Uttar Pradesh (East) Telecom Circle and Uttar Pradesh (West) Telecom Circle. The capital expenditure for the project will cost Rs 1,004.97 crore while the operation expenditure will be Rs 407.51 crore.
Exicom Tele-Systems earlier this month unveiled new public charging at the Bharat Mobility Global Expo 2025. Harmony Boost combines solar power, grid input, intelligent Battery Energy Storage System and multiple dispenser units (up to 400kW). One of the key differentiators of this solution is its ability to intelligently store and manage both solar and grid power, to maximise the use of renewable energy in EV charging.
The company that listed in March 2024 operates under two business verticals. In the critical power solutions business, it designs, manufactures and services DC power systems and Li-ion based energy storage solutions to deliver overall energy management at telecommunications sites and enterprise environments.
Exicom Tele-Systems Hits Upper Circuit
The shares of Exicom Tele-Systems rose as much as 5% to 243.99 apiece. This compares to a 0.47% advance in the NSE Nifty 50 Index.
It has risen 8.46% since its listing. Total traded volume so far in the day stood at 2.1 times its 30-day average. The relative strength index was at 45.
