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 two work orders worth Rs. 63.55 crores from Madhya Pradesh State Electronics Development Corporation Ltd and Cuttack Development Authority.
Price Action
With a market capitalization of 8,715.08 Crores on Monday, the shares of Railtel Corporation of India Ltd jumped upto 2.9 percent after making a high of Rs. 289.60 compared to its previous closing price of Rs. 281.20.
What Happened
Railtel Corporation of India Ltd, which is engaged in providing nationwide broadband telecom and multimedia network services across India, has received two new work orders totaling Rs. 63.55 crores.
The first order, worth Rs. 37.18 crores, has been secured from Madhya Pradesh State Electronics Development Corporation Ltd for expanding the SDC and establishing a disaster recovery center, with a completion deadline of June 27, 2029.
The second work order worth Rs. 26.37 crores, has been received from the Cuttack Development Authority for installing 14 billboard systems, providing hardware, along with a 3-year AMC and command control support in various locations of Cuttack city, and the project is to be completed by July 11, 2025.
About the company
Railtel Corporation of India Ltd is a public sector enterprise under the Ministry of Railways, providing broadband telecom and multimedia network services across India. It offers services such as data transmission, internet, and network solutions, leveraging the extensive railway network for connectivity.
Order Book
As of January 2025, RailTel Corporation of India Limited had an order book worth Rs. 5,280 crores, highlighting a robust project pipeline and securing steady revenue growth for the future.
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 Resuls)
The company’s revenue rose by 15.93 percent from Rs. 674.81 crore to Rs. 782.29 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 62.14 crores to Rs. 65.05 crore during the same period.
Written by Sridhar J
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