Railway Company Secures Order Worth Rs 29.56 Crore from EPFO and South-Central Railways – FIIs Increased Stake in September Quarter
FIIs increased their stake and the company’s shares have delivered an impressive return of over 50 per cent just 1 year.
This Small-Cap railway company has secured a work order from the Employees Provident Fund Organisation (EPFO) for providing MPLS services across 140 locations. The total value of the order, as per the purchase order issued by EPFO, stands at Rs 16,22,32,280 (including taxes). The contract is scheduled for completion by March 31, 2027.
Additionally, it has received a work order from PCSTE South Central Railways for the provision of EPC core infrastructure for 4G LTE-R across 523 RKM in the Secunderabad Division under a Memorandum of Understanding (MoU) between SCR and RCIL. The order is valued at Rs 13,34,19,779 (including taxes).
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RailTel Corporation of India Ltd was incorporated in 2000 with the objective of creating nationwide broadband and VPN services, a telecom and multimedia network, and modernizing the train control operation and safety system of Indian Railways.
On Monday, the shares of RailTel Corporation of India Ltd are trading at Rs 441.90 per share on the BSE. The company’s current market capitalisation stands at Rs 14,872 crore. The stock has delivered a return of over 240 per cent in just 2 years.
As per the Quarterly Results, in the second quarter of FY25, RailTel Corporation of India Ltd recorded a revenue of Rs 843 crore. The operating profit for Q2 FY25 stood at Rs 129 crore. The net profit for Q2 FY25 was Rs 73 crore. Looking at the annual performance, the company generated a revenue of Rs 2568 crore in FY25, compared to Rs 1957 crore in FY23. The operating profit for FY24 was Rs 464 crore, with a net profit of Rs 246 crore.
In September quarter of FY25, FIIs have raised their stake in the company from 2.15 per cent to 3.05 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.