RailTel's Stock Updates | Market Updates

RailTel’s triumph continues: Bags Rs 352 crore order from Mumbai Municipal Corporation

The stock has witnessed significant buying activity, yielding multibagger returns of more than 243% in the last one year.

Today, RailTel Limited witnessed a remarkable surge of over 0.91%, with its current market capitalization reaching Rs 11,358.01 crore.

Recent Developments:

RailTel clinched a substantial order worth Rs 352 crore from the Municipal Corporation of Greater Mumbai. This significant contract involves supplying, installing, testing, commissioning, and maintaining HMIS for the Health Department of BMC.

In addition to this notable achievement, RailTel received another significant work order worth Rs 130 crore from the Bihar Education Project Council (BEPC) for the supply of teaching-learning materials for Class I to V under a rate contract. Moreover, on March 14th, the company secured a significant work order valued at Rs 113.46 crore from the Odisha Computer Application Centre (OCAC) to establish IP-MPLS network connectivity in Odisha under OdishaNet Phase 1.0.

These major developments underscore the company’s strong future prospects.

About the Company:

RailTel, designated as a “Mini Ratna (Category-I)” Central Public Sector Enterprise, is a leading provider of information and communication technology (ICT) services in India. It operates as one of the country’s largest neutral telecom infrastructure providers, boasting an extensive optic fibre network spanning urban and rural areas.

Established on September 26, 2000, RailTel’s primary objective was to modernize the telecom infrastructure, particularly focusing on improving train control, operation, and safety systems. Concurrently, it aimed to create additional revenue opportunities by establishing a nationwide broadband and multimedia network, and strategically laying optical fibre cables along railway tracks to leverage existing right of way.

Business Developments:

The segment breakdown reveals a nearly equal distribution between Financial Services at 50.8% and Telecom at 49.2%. It’s noteworthy that the company operates solely within India, representing 100% of its operations.

Furthermore, the stock has experienced significant buying activity, yielding multibagger returns of more than 243% in the last one year.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

Railtel Corp Secures Order Worth Rs 99 Crore: Stock Rallies Over 2% in Morning Trade!

The company’s shares have delivered an impressive multibagger return of around 250% in the past year.

Today, shares of RailTel Corporation of India Limited surged by over 2.10%, with the company’s current market capitalisation standing at Rs 11,468.73 crore.

Recent Development:

Railtel Corporation of India has secured a significant work order from the State Project Director (SPD) of the Bihar Education Project Council (BEPC). The work order is valued at Rs 99.01 crore and involves the empanelment of an agency for the supply of student kits (teaching learning material) for students in Class VI to XII under a rate contract.

The contract is expected to be completed by June 13, 2024, marking a significant step in Railtel’s contribution to the education sector.
This initiative underscores the company’s commitment to supporting educational endeavors and providing essential learning resources to students across various levels.

About the Company:

RailTel, designated as a “Mini Ratna (Category-I)” Central Public Sector Enterprise, is a leading provider of information and communication technology (ICT) services in India. It operates as one of the country’s largest neutral telecom infrastructure providers, boasting an extensive optic fibre network spanning urban and rural areas.

Established on September 26, 2000, RailTel’s primary objective was to modernize the telecom infrastructure, particularly focusing on improving train control, operation, and safety systems. Concurrently, it aimed to create additional revenue opportunities by establishing a nationwide broadband and multimedia network, strategically laying optical fibre cables along railway tracks to leverage existing right of way.

Business Development:

The segment breakdown reveals a nearly equal distribution between Financial Services at 50.8% and Telecom at 49.2%. It’s noteworthy that the company operates solely within India, representing 100% of its operations.

Furthermore, the stock has experienced significant buying activity, yielding multibagger returns of around 250% in the last one year.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.