Introduction:
Prominent Indian firm has secured a ₹78.43 crore work order from Bharat Coking Coal Limited for implementing integrated IT-based security infrastructure. The contract, set to be completed by August 2025, strengthens the company’s position in the domestic market.
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Share price movement of RailTel:
On January 2, 2025, RailTel Corporation of India Ltd. opened at ₹420.00, up 3.7% from its previous close of ₹404.95. The stock reached a high of ₹433.95 (7.16%) and a low of ₹412.40. By 11:00 AM, it traded at ₹427.40, a 5.54% increase, with a market cap of ₹13,736.16 crore.
RailTel Secures ₹78.43 Crore Order:
RailTel Corporation of India Ltd. has secured a significant work order worth ₹78.43 crore from Bharat Coking Coal Limited. The order involves the implementation of integrated IT-based security infrastructure and related services.
The contract, awarded on 31st December 2024, is a domestic project to be completed by 28th August 2025. The work will involve various types of services related to enhancing security infrastructure at Bharat Coking Coal Limited.
This major order strengthens RailTel’s position in the IT and security infrastructure sector, showcasing its ability to handle large-scale projects in the domestic market. The company continues to grow its portfolio.
Recent news on RailTel:
As of November 27, 2024, RailTel Corporation of India Ltd. secured a ₹15.21 crore work order from Kakinada Smart City Corporation Ltd. for operations and maintenance of its Integrated Command Communication Center in Kakinada.
Stock performance of RailTel for Period of 1 week, 6 months and 1 year:
Over the past week, RailTel Corporation of India Ltd. saw a 0.90% increase in stock value. However, the stock declined by 22.1% over the last six months, while showing an 11.5% gain over the past year.
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Shareholding pattern of RailTel:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 72.80% | 72.80% | 73% |
| FII | 3.10% | 2.20% | 2.20% |
| DII | 0.60% | 3% | 2.60% |
| Public | 23.50% | 22.10% | 22.30% |
About RailTel:
RailTel Corporation of India Ltd (NSE: RAILTEL) is a public sector enterprise under the Ministry of Railways, offering telecom services. It specializes in broadband, networking, data center management, and cloud services, supporting Indian Railways and other sectors.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
