New Delhi, June 5 -- RailTel Corporation share price in focus: RailTel Corporation's share price gained momentum during the mid-trading session on Thursday, June 5, rising 4.6% to hit a seven-month high of Rs.461.75 apiece after the company announced an order from the Motor Vehicles Department (MVD), Maharashtra.

The company informed investors in a regulatory filing today that it had received a Letter of Intent (LOI) from the Motor Vehicles Department, Maharashtra, for the design, implementation, operation, and maintenance of an Intelligent Traffic Management System (ITMS) at various blackspots and vulnerable spots in the Vidarbha Circle for a period of 10 years, worth Rs.274.40 crore.

This was the company's second order win in less tha...