Navratna stock gains attention following receipt of order worth over ₹9 crore from Chhattisgarh Government
Navratna stock: Shares of RailTel Corporation of India Limited, a prestigious “Navratna” PSU of the Government of India and a prominent provider of telecommunications infrastructure, are attracting attention during Friday’s trading session. This surge in interest follows the company’s announcement of securing an order from the Chhattisgarh Environment Conservation Board (CECB).
With a market capitalization of Rs. 12,356 crores, the shares of RailTel Corporation of India Limited experienced a nearly 1 percent increase, reaching an intraday high of Rs. 395.2 on the BSE, compared to its previous closing price of Rs. 391.35.
The latest regulatory filings reveal that RailTel Corporation of India Limited has successfully secured an order worth Rs. 9.44 crores from the Chhattisgarh Environment Conservation Board (CECB). This order entails the supply, commissioning, and maintenance of real-time data acquisition and handling of CAAQMS/CEMS/EQMS Data through client-server systems from industries located across Chhattisgarh. The project is set to be completed by July 16, 2028.
In addition to this recent order, RailTel Corporation has a history of successful projects:
– On January 1, 2025, the company received an order valued at Rs. 78.4 crores from Bharat Coking Coal Limited for integrated IT-based security infrastructure and various services, to be delivered by August 28, 2025.
– On January 21, 2025, RailTel Corporation secured an order worth nearly Rs. 46.8 crores for signaling works from Dy.Cste Construction Ajmer Division, North Western Railway, with a delivery deadline of July 20, 2026.
These accomplishments underscore RailTel Corporation of India Limited’s commitment to excellence and innovation in the telecommunications infrastructure sector.
Financial Update:
RailTel Corporation has shown impressive growth in revenue from operations, with a substantial increase of almost 40% year-over-year. The revenue rose from Rs. 429 crores in Q2 FY24 to Rs. 599 crores in Q2 FY25.
In addition, the company’s net profit also saw a significant increase during the same period, climbing from Rs. 55 crores to Rs. 68 crores, marking a growth of approximately 23.6% year-over-year.
Stock Performance
Over the past year, the stock has seen a decrease of nearly 3.2 percent in returns, but has shown an impressive increase of around 24 percent in the last six months. On the other hand, RailTel Corporation’s shares have experienced a negative return of about 3.4 percent in the last month.
About the Company
Established in 2000, RailTel Corporation of India Limited is a prestigious “Navratna” Central Public Sector Enterprise. It is recognized as one of the leading neutral telecom infrastructure providers in India, boasting a Pan-India optic fibre network that runs exclusively along the Railway track.
RailTel is dedicated to providing nationwide Broadband Telecom & Multimedia Networks across the country, as well as enhancing the modernization of Train operations and administration network systems.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.