Railway PSU RailTel Bags New Order From Eastern Railway, Shares Gain 419% In 2-Yrs

Miniratna public sector undertaking RailTel Corporation of India Ltd shares today declined marginally despite the company receiving new order from Eastern Railways for works amounting to Rs 70,93,58,570. Current market price of RailTel Corporation of India shares on BSE is Rs 501.50 per share. RailTel shares offered attractive return of over 200% in last 1-year. The PSU has a market capitalisation of Rs 16,143.20 crore. Check details below:

RailTel Corporation of India Bags New Order: As per the regulatory 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 167.95 apiece (as on 28/08/2023), respectively. RailTel Corporation shares offered return of 42% year-to-date (YTD), gained 419% in last 2-years, and gave attractive returns of 301% in last 3-years.

ICICI Has Sell On RailTel Corporation Shares? ICICI Securities issued sell call to RailTel Corporation shares with target price of Rs 315. As per the brokerage firm, "Railtel hopes for an acceleration in its order book driven by the large capex planned by Indian Railway. We raise our EPS estimates by 3 per cent for FY25-26E on lower depreciation cost, it said with a 'sell' tag and revised target price of Rs 315."

RailTel Corporation of India Dividend: According to the exchange filing of Railtel issued as on July 8, 2024, "Board of Directors of the Company at its meeting held today i.e. Monday, 08th July, 2024 has recommended a Final Dividend at the rate of 18.5% of paid-up share capital (Rs. 1.85/- per share) for the financial year 2023-24."

RailTel Corporation of India About: RailTel Corporation a "Mini Ratna (Category-I)" 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.

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