RailTel Corporation of India: The share price of RailTel Corporation of India erases the initial gains and traded flat on March 3 following the receipt of a work order worth Rs. 37,18,16,668 from the State Electronics Development Corporation of Madhya Pradesh. When the BSE opened at 09:26 a.m., Railtel Corporation of India was trading at Rs. 0.30 and Rs. 280.90, down, or 0.11%. Let’s learn more about RailTel Corporation of India’s order win.
About RailTel Corporation of India
In order to modernize the current telecom system for train safety, control, and operation as well as to create a nationwide broadband and multimedia network and lay optical fiber cable using the right of way along railroad tracks, RailTel was incorporated on September 26, 2000. Currently, RailTel’s optical fiber network spans more than 6108 railway stations and more than 61000 route kilometers throughout India. Their nationwide, growth citywide access spans more than 21,000 kilometers.
The Bharat Net, National Knowledge Network (formerly the National Optical Fiber Network), and the USOF-funded optical fiber-based connectivity project in Northeast India are just a few of the mission-mode projects that RailTel sees as having been chosen for implementation because of their experience and expertise in managing and carrying out telecom and ICT projects.
RailTel Corporation of India Order Win
Recently, the company was given a work order worth Rs 26,37,50,145 by the Cuttack Development Authority. The company will install 14 billboard systems in various locations across Cuttack City, including hardware, AMC, and command control support for three years. The project is scheduled to be completed by July 11, 2025.
Additionally, an order for Rs 1,11,42,51,936 was obtained for complete signaling and telecommunication work in order to provide an automatic block signaling system in the South-Central Railway’s IN Nandalur-Renigunta JN section of the Guntakal Division. In December 2024, the company’s quarterly net profit increased by about 5% to Rs 65.05 crore.
The business and its consortium also received an order from South Central Railway last week for a total of Rs 56,65,62,304 for signaling and telecommunications work in order to provide an automatic block signaling system in the Vijayawada division of South-Central Railway and the Errupalem-Vijayawada NWBH section of Secunderabad.
Conclusion
RailTel Corporation of India has shown outstanding financial prospects. Reports suggest that although RailTel has acquired fresh orders, the flat trading is caused by elements such as current technical indications and general market trends. The share of RailTel hit a 52-week low of Rs 275.30 on February 28, 2025. The current price of the company is 2.14 percent above its 52-week low and 54.5 percent below its 52-week high.
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