The shares of one of the leading Navratna PSU specialised in offering a wide range of services including data communication, network management, system integration and more in focus, after receiving a new work order worth Rs. 46.79 crores from North Western Railway.
Price action
With a market capitalization of 12,880 Crores on Wednesday, the shares of Railtel Corporation of India Ltd, trading at Rs.390 down by 3 percent after making a low of Rs 388.75 compared to its previous closing price of Rs 401.25.
What happened
Railtel Corporation of India Ltd has received a new domestic work order worth Rs 46.79 Crores from Dy.Cste Construction Ajmer Division of North Western Railway for Signalling and the order is to be completed by July 20, 2026.
Railway signalling or railroad signaling , is a system used to control the movement of railway traffic, which helps the Trains move on fixed rails, making them uniquely susceptible to collision.
About the company
Railtel Corporation of India Ltd one of the leading PSU stock under the Ministry of Railways is specialised in providing broadband and telecom services to various sectors and they operate and leverages the extensive infrastructure of Indian Railways to deliver reliable telecommunications and broadband connectivity across the country
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. 1,16,948 lakhs in FY23 to Rs. 1,26,544 Lakhs in FY24 and Project work services grew from Rs. 78,786 lakhs in FY23 to Rs. 1,30,238 Lakhs in FY24.
Financials
The company’s revenue rose by 40.7 percent from Rs 612.82 crore to Rs 862.51 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 68.15 crores to Rs 72.64 crore during the same period.
Written by Sridhar J
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses
