Rs 4,682 Crore Order Book: Navratna PSU Company Bags New Order Worth Rs 144,88,48,888 From Home Department, Government of Gujarat
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 202.45 per share and a whopping 300 per cent in 2 years.
RailTel Corporation of India Limited (RCIL) has been awarded a substantial contract by the Home Department, Government of Gujarat, valued at Rs 1,44,88,48,888 (inclusive of taxes). The project entails the supply, installation, commissioning, and operation and maintenance of a CCTV video surveillance system across various locations including LCBs, SoG cyber police stations, LIBs, and police stations in Clusters 1, 2, and 3. This domestic project is expected to be completed by May 25, 2025.
Earlier, RailTel Corporation of India Limited received a work order from South Eastern Railway, valued at Rs. 36.78 Crores (inclusive of taxes). The scope of the project includes the provision of an electronic interlocking system and signalling arrangements (both indoor and outdoor) at Bondamunda K, Bondamunda D, Bondamunda E, and Bondamunda J Cabins. This domestic project is scheduled to be completed by October 16, 2025.
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 100 per cent from its 52-week low of Rs 202.45 per share and a whopping 300 per cent in 2 years.
Disclaimer: The article is for informational purposes only and not investment advice.