Rs 4,682 Crore Order Book: Multibagger PSU Company Bags 3 Order Worth Rs 87,25,67,306 In Just 1 Day From Various Clients
The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 202.45 per share and a whopping 305 per cent in 2 years.
RailTel Corporation of India Ltd (RCIL) has achieved a remarkable feat by securing three substantial orders within a single day, collectively valued at Rs 87,25,67,306. These contracts highlight the company's growing prominence in the technology solutions market and its ability to cater to diverse client needs.
The first order, valued at Rs 51,40,66,349, was awarded by Kavaratti Smart City Limited. RCIL will serve as the Master System Integrator for the Integrated Command and Control Centre (ICCC) of the city, ensuring seamless operation and management of various urban services.
In the second contract, worth Rs 21,64,16,156, RCIL will provide NOC SOC solutions to the Controller General of Defence Accounts (CGDA). This solution will enhance cybersecurity and protect sensitive defence data.
The third order, valued at Rs 14,20,84,800, was received from the ICDS Commissioner, Maharashtra. RCIL will be appointed as an Aadhar Agency under the "Integrated Child Development Service" scheme, contributing to the government's efforts to provide comprehensive child development services.
These contracts demonstrate RCIL's expertise in delivering innovative technology solutions and its commitment to supporting various sectors, including smart cities, defence and social development. The company's ability to secure such significant orders within a short period underscores its strong market position and reputation for excellence.
Furthermore, the company has been conferred with the prestigious "Navratna" status by the Department of Public Enterprises, Ministry of Finance, Government of India. This recognition acknowledges RailTel's significant contributions to the Indian economy and its emergence as a leading player in the telecommunications and information technology sectors. The "Navratna" status grants RailTel greater autonomy in decision-making, financial flexibility, and the ability to undertake larger investments, further empowering it to drive innovation and growth.
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Established in 2000, RailTel Corporation of India Ltd (RCIL)is a "Navratna" public sector enterprise under the Indian government, offering various telecom services including broadband, VPN, and data centres. With its extensive network covering over 6,000 stations and 61,000+ km of fibre optic cables, RailTel reaches 70 per cent of India's population and is the only consistently profitable, almost debt-free telecom company in the government sector. The company has a market cap of over Rs 13,000 crore.
Quarterly Results: The net sales increased by 24.1 per cent to Rs 467.61 crore and net profit increased by 48.5 per cent to Rs 38.39 crore in Q1FY25 compared to Q1FY24.
Annual Results: the net sales increased by 31.2 per cent to Rs 2,567.82 crore and net profit increased by 30.8 per cent to Rs 246.21 crore in FY24 compared to FY23.
As of June 2024, the company’s order book stands at Rs 4,682 crore wherein Government Nomination Contribution is 22.4 per cent, Tender Contribution is 75.7 per cent and Private Contribution is 1.9 per cent. The stock gave multibagger returns of over 120 per cent from its 52-week low of Rs 202.45 per share and a whopping 305 per cent in 2 years.
Disclaimer: The article is for informational purposes only and not investment advice.