RailTel was established in September 2000 with the aim of developing a comprehensive broadband, telecommunications, and multimedia network across the nation, as well as upgrading the train control operations and safety systems of Indian Railways. The RailTel network extends through approximately 5,000 stations nationwide, encompassing all significant commercial hubs.
RailTel Corporation of India share price saw a rise of more than 1%, hitting ₹445.00, subsequent to the announcement of several orders obtained from the Employees Provident Fund Organisation and South Central Railways, amounting to ₹29.56 crore.
In the first order, the company stated that it had obtained a work order from the Employees Provident Fund Organisation for MPLS Services spanning 140 locations, as per a purchase order issued by the EPFO, which amounts to ₹16,22,32,280. The completion date for this contract is set for March 31, 2027.
In a separate development, the company has secured a work order from South Central Railways for a memorandum of understanding between SCR and RCIL for the provision of EPC Core Infrastructure for 4G LTE-R across 523 route kilometres in the Secunderabad Division, amounting to ₹13,34,19,779.
The project is expected to be completed by 4 December 2027. Both orders were received on 6 December 2024 and were officially announced on 7 December 2024.
RailTel, a “Navratna (Category-I)” central public sector enterprise, stands as one of the largest neutral telecom infrastructure providers in the country, operating a nationwide optic fibre network that spans numerous towns, cities, and rural areas.
RailTel Corporation of India has reported a 6.58% increase in standalone net profit, reaching ₹72.64 crore, alongside a 40.78% surge in revenue from operations, totalling ₹843.49 crore for Q2 FY25 compared to Q2 FY24.
As of 11:29 a.m. on NSE, Railtel Corporation of India’s share price is ₹435.15 per share, with a high traded price of ₹445 per share.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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