Navratna Railtel Wins New Order, Shares Jump 136.6% From 52-Week Low

Navratna public sector undertaking RailTel Corporation of India Ltd today bagged new order from Northern Railways for Railway Project worth Rs. 19,69,96,886. Last trading price of RailTel Corporation shares on BSE today stood at Rs 473.90 per share with gain of 0.84% in trade today. RailTel Corporation has a market capitalisation of Rs 15,209.27 crore. RailTel Corporation shares offered attractive return of 337% in last 2-years but slipped over 2% in last 2-weeks. Check details below:

RailTel Corporation Bags New Order: As per the exchange filing of RailTel Corporation dated September 13, 2024, "Pursuant to Regulation 30 read with Part A (B) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that RailTel Corporation of India Ltd. ("the Company") has received the work order from Northern Railways for Railway Project amounting to Rs. 19,69,96,886/-."

RailTel Corporation of India Earlier Order In August: The BSE filing of RailTel Corporation of India dated August 27, 2024, "Pursuant to Regulation 30 read with Part A (B) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that RailTel Corporation of India Ltd. ("the Company") has received the work order from Eastern Railway for Works amounting to Rs. 70,93,58,570 (Including Tax)." The time period by which order(s)/contract(s) is to be executed is November 25, 2025.

Earlier on August 23, 2024, RailTel bagged work order from Uttar Pradesh Police Recruitment And Promotion Board for Service amounting to Rs. 52,66,30,075 (Excluding Tax). The time period by which the order needs to be executed is August 31, 2024

RailTel Corporation of India Shares Performance: The 52-week high price of RailTel Corporation shares on BSE is Rs 618.00 apiece (as on 12/07/2024) and 52-week low price is Rs 200.30 apiece (as on 09/10/2023), respectively. RailTel Corporation shares rallied 34% year-to-date (YTD), rallied 111% in last 1-year, and rose 273% in last 3-years.

RailTel Corporation of India Dividend: According to the exchange filing of Railtel issued as on July 20, 2024, "The Company has fixed Wednesday, 14th August, 2024 as "Record Date" for the purpose of determining the eligibility of Members entitled to receive the Final Dividend of Rs. 1.85/- per share for the FY 2023-24 as recommended by the Board of Directors of the Company in their meeting held on 08th July, 2024. The Final Dividend, if approved at the AGM, will be paid within 30 days from the date of its declaration at the AGM."

About: RailTel Corporation a Navratna PSU is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optical fiber network. RailTel is committed to bring cutting edge technology and offer innovative services to the Indian Telecom market. RailTel is in the forefront in providing nationwide Broadband Telecom & Multimedia Network in all parts of the country in addition to modernization of Train operations and administration network systems, according to its official website.