RailTel Shares Fall After Bihar Education Project Council Cancels Rs 609 Crore Orders

RailTel Corporation's shares experienced a decline following the cancellation of three work orders totaling over Rs 609 crore by the Bihar Education Project Council. The cancelled orders included projects for supplying teaching materials and installing smart classrooms in government schools across Bihar. RailTel cited unavoidable reasons for the cancellations, which were communicated through stock exchange filings. The company's stock has seen recent selling pressure, with the cancellations adding to this trend.