Railtel Corporation’s Shares Rise After Receiving A Work Order From Pimpri Chinchwad Smart City

Pimpri Chinchwad Smart City (PCSCL) has given RailTel Corporation of India the task of delivering end-to-end services for the ‘Revenue Sharing Model’ monetisation of PCSCL City Network Infrastructure. The expected annual income is Rs 70 crore, and the estimated ten-year total income is Rs 700 crore. 

‘Mini Ratna (Category-I)’ for RailTel Corporation PSU, which has an exclusive Right of Way (ROW) along the railroad track and owns a Pan-Indian optical fiber network, is one of the major neutral telecom infrastructure providers in the nation. The business offers a nationwide broadband telecom and multimedia network. 

RailTel Corporation of India is a neutral telecom infrastructure provider in India, focusing on modernizing the existing telecom system for train control, operation, and safety. It was incorporated in 2000 and aims to generate additional revenues by creating a nationwide broadband and multimedia network using optical fiber cable. The transport network is built on high-capacity DWDM technology and an Internet protocol/MPLS network to support mission-critical communication requirements for Indian Railways and other customers. 

The company operates data centres in Gurugram, Haryana, and Secunderabad, Telangana, hosting critical applications for customers, including the Indian Railways. The company also undertakes ICT projects for the Indian Railways, central government, and state governments, including train control system projects. 

Railtel Corporation of India is currently trading at Rs 180.10, up by 7.10 points or 4.10% from its previous closing of Rs 173.00 on the BSE. The scrip opened at Rs 176.25 and touched a high and low of Rs 182.65 and Rs 176.25 respectively. So far 135260 shares were traded on the counter. 

The BSE group ‘A’ stock of face value of Rs 10 has touched a 52-week high of Rs 182.65 and a 52-week low of Rs 93.95. Last one week high and low of the scrip stood at Rs 182.65 and Rs 165.40 respectively. The current market cap of the company is Rs 5,552.23 crore. The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 3.50% and 23.65%, respectively. 

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.