Introduction:
Two significant contracts worth ₹29.56 crores have been secured, including MPLS services for 140 locations and 4G LTE-R infrastructure for 523 RKM. These projects demonstrate expertise in networking and infrastructure, strengthening market presence in the telecom sector.
Also Read: 3 Power stocks with P/B value less than 1 to keep an eye on
Share price movement of RailTel:
On December 9, 2024, RailTel Corporation of India Ltd opened at ₹439.75, up 0.68% from its previous close of ₹435.80. The stock reached a high of ₹445.00 and a low of ₹436.80. By 9:42 AM, it traded at ₹438.75 with a market cap of ₹14,081.17 crore.
RailTel Secures Two Contracts Worth ₹29.56 Crores:
RailTel Corporation of India Ltd. has bagged two significant orders totaling ₹29.56 crores. The first contract, worth ₹16.22 crores, is from the Employees’ Provident Fund Organisation (EPFO) for providing MPLS services across 140 locations, with execution by March 2027.
The second order, valued at ₹13.34 crores, was awarded by the South Central Railways for the provision of EPC Core Infrastructure for 4G LTE-R across 523 RKM in Secunderabad Division. The project is set for completion by December 2027.
Both contracts highlight RailTel’s robust capabilities in networking and infrastructure. The domestic projects, secured on December 6, 2024, strengthen the company’s market position while emphasizing its commitment to delivering innovative telecom solutions nationwide.
Recent news on RailTel:
As of December 5, 2024, RailTel Corporation of India secured a ₹10.64 crore work order from GAIL (India) for MPLS and leased line links, set for completion by February 11, 2025, enhancing its telecom infrastructure portfolio.
Stock performance of RailTel for Period of 1 week, 6 months and 1 year:
RailTel Corporation of India Ltd has delivered impressive returns, with a 6.32% gain over the past week, 2.54% growth in six months, and a remarkable 51.8% surge over the last year, showcasing strong performance and investor confidence.
Also Read: Stocks in which Vanguard Fund has bought frfesh stake
Shareholding pattern of RailTel:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 72.80% | 72.80% | 72.80% |
| FII | 3.10% | 2.20% | 2.20% |
| DII | 0.60% | 2.90% | 2.60% |
| Public | 23.50% | 22.10% | 22.30% |
About RailTel:
RailTel Corporation of India Ltd (NSE: RAILTEL), established in 2000, is a “Navratna” PSU specializing in broadband, telecom, and multimedia networks. Its extensive optic fiber network spans 6,000 stations, modernizing Indian Railways’ operations and safety systems.
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.
