The shares Navratna PSU specializes in offering a wide range of services including data communication, network management, system integration, and more jumped upto 3 percent upon receiving multiple new work orders worth Rs. 137.83 crores.
Price action
With a market capitalization of 10,566.90 Crores on Thursday, the shares of Railtel Corporation of India Ltd jumped upto 3 percent after making a high of Rs 334.20 compared to its previous closing price of Rs. 323.75.
What Happened
Railtel Corporation of India Ltd engaged in offering a wide range of services including data communication, network management, system integration, and more has received multiple work orders for Rs.137.83 crores.
The orders are from the State Project Director (Spd) Bihar Education Project Council (Bepc) for Rs. 16.97 to Supply Additional Student Kits (Teaching Learning Materials) for classes VI to XII and Rs. 36.94 crores to supply additional teaching-learning materials for classes I to V for the year 2024-25, and Rs. 69.2 crores for Supply, Installation and Training for Operationalization of ISM Labs for BEPC schools.
Along with it, they received an order for Rs.14.72 crores from the Airports Authority of India Chennai to Supply, Installation, and testing of Servers, Storage, Software, and Networking for the SCCTV System with three-year onsite warranties and three-year CAMC with spares at Chennai Airport which to be executed by 14 July 25.
Segment’s Revenue (FY23-24)
Railtel Corporation of India Ltd segment revenue is distributed across two services as follows: Telecom services segment revenue grew from Rs. 1,169.4 crores in FY23 to Rs. 1,265.4 crores in FY24 and Project work services grew from Rs. 787.8 crores in FY23 to Rs. 1,302.3 crores in FY24.
Financials (Q3 Results)
The company’s revenue rose by 15.9 percent from Rs. 674.81 crore to Rs. 782.29 crore in Q2FY24-25. Meanwhile, Net profit grew from Rs. 62.14 crore to Rs. 65.05 crore during the same period.
Written by Sridhar J
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