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Telecom equipment stock hits 5% upper circuit after it receives order worth ₹1,410 Cr from RVNL

Telecom equipment provider has secured an INR 1,412.48 crore Advance Purchase Order from Rail Vikas Nigam Limited for supplying power systems and racks, along with a ten-year maintenance commitment for BharatNet Phase III.
Telecom equipment stock hits 5% upper circuit after securing ₹1,410 Cr order from RVNL.
Telecom equipment stock hits 5% upper circuit after securing ₹1,410 Cr order from RVNL.

Introduction:

Leading telecom equipment provider has secured an Advance Purchase Order (APO) worth INR 1,412.48 crore from Rail Vikas Nigam Limited (RVNL). The order is for supplying telecom equipment and providing long-term maintenance for the BharatNet Phase III project.

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Also Read: Best Sectors To Watch For Budget 2025

Share price movement of Exicom Tele-Systems:

On January 24, 2025, Exicom Tele-Systems Ltd opened at ₹237.05, up 1.95% from its previous close of ₹232.50. The stock reached a high of ₹244.10 (4.99%) and a low of ₹224.45. By 12:46 PM, it traded at ₹244.10, a 4.99% increase, with a market cap of ₹2,949.33 crore.

Exicom Secures ₹1,412 Crore Telecom Order:

Exicom Tele-Systems Limited has secured a significant Advance Purchase Order (APO) worth approximately INR 1,412.48 crore from Rail Vikas Nigam Limited (RVNL). The order involves the supply of telecom equipment, including power systems and racks, for the BharatNet Phase III project.

The order will cover two telecom circles in Uttar Pradesh—East and West. It includes the supply of equipment for three years, with a maintenance commitment of ten years, ensuring long-term support for the project’s operations.

The total order value comprises INR 1,004.97 crore for capital expenditure (Capex) and INR 407.51 crore for operational expenditure (Opex). This milestone is a significant development for Exicom Tele-Systems in the telecom sector.

Recent news on Exicom Tele-Systems:

As of January 08, 2025, Exicom Tele-Systems Ltd. signed an MoU with Mufin Green Infra Ltd. to enhance India’s EV charging infrastructure. The partnership will focus on supplying EV charging hardware and developing the charging ecosystem.

Stock performance of Exicom Tele-Systems for Period of 1 week, 1 month and 6 months:

Exicom Tele-Systems Ltd. has experienced a decline in its stock performance, with a 6.59% drop over the past week, an 11.0% decrease in the last month, and a significant 49.1% drop over the last six months.

Also Read: Stocks To Watch For Budget 2025

Shareholding pattern of Exicom Tele-Systems:

All values in %Dec 2024Sep 2024Jun 2024
Promoter69.60%69.60%69.60%
FII0.70%1.00%1%
DII5.70%6.50%8.50%
Public24.00%23.00%20.90%
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About Exicom Tele-Systems:

Exicom Tele-Systems Limited (NSE: EXICOM) specializes in power systems and electric vehicle (EV) charging solutions. The company has deployed over 61,000 chargers across India and Southeast Asia, also providing Li-ion batteries for telecommunications applications.

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.

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