RailTel Corporation of India has received a work order worth Rs 36.8 crore from South Eastern Railway

One of the biggest neutral telecom infrastructure providers in the nation, RailTel is a “Navratna” Central Public Sector Enterprise that offers ICT services and has a Pan-India optic fibre network. The OFC network reaches numerous rural areas as well as the nation’s major towns and cities. Founded on September 26, 2000, RailTel’s objectives were to modernize the current telecom system for train control, operation, and safety as well as to create a nationwide broadband and multimedia network and install optical fibre cable using railroad tracks’ right of way to increase revenue. Over 61000 route kilometres and 6108 railway stations are currently covered by RailTel’s optic fibre network throughout India. Our nationwide citywide access spans more than 21,000 kilometres.

India’s RailTel Corporation received an order for 36.78 crore

Early on October 23, shares of RailTel Corporation of India increased in value by about Rs 36.78 crore following the company’s receipt of the work order from South Eastern Railway. The completion date of this contract, which calls for the installation of electronic interlocking systems and signalling arrangements at several Bondamunda cabins, is October 16, 2025.

Board of Directors of RailTel Corporation meeting for interim dividend

On October 28, 2024, the company’s board of directors will meet to discuss and approve the unaudited financial results for the quarter and a half that ended on September 30, 2024, and to announce any interim dividends for the fiscal year 2024–2025.

The second quarter of FY25 financial report from RailTel Corporation

The company’s revenue increased 31.6% year over year (YoY) to Rs 13,372.4 crore, but its net profit decreased 18.2% to Rs 139.3 crore.

Orders were received by RailTel Corporation for the month of October

Kavaratti Smart City has given the company a work order for Rs 51,40,66,349 (including tax) worth of work. The company received from the Controller General of Defence Accounts a work order for NOC SOC Solution for CGDA worth Rs 21,64,16,156 (not including tax). A work order for another project totalling Rs 14,20,84,800 (including tax) was also given to the company by the ICDS Commissioner of Maharashtra.

Railtel Corporation of India Ltd. stock jumps in Intraday

Railtel Corporation of India Ltd. stock is right now trading at Rs. 394.85 per share which is 1% up whereas the stock high traded at Rs. 399.60 per share. The reason behind the stock jumps they got an order worth Rs 36.8 crore from South Eastern Railway.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.