Rs 4,700 crore order book and 200 per cent multibagger returns: This PSU railway and telecom stock bags new order worth Rs 24,14,95,932!

Shares of the company gained more than 30 per cent in the last six months.

RailTel Corporation of India Limited secured a work order worth Rs 24.15 crore from Tamil Nadu Fibrenet Corporation Limited. This domestic contract tasks RailTel as the system integrator for supplying, installing, integrating, testing, and commissioning headend systems. The project also includes operation and maintenance services. RailTel will have until October 12th, 2024 to complete the project.

Recently, RailTel also secured a contract worth Rs 11.24 crore from the Ministry of Defence to create a RailTel Point of Presence (PoP) at a customer site. This domestic contract needs to be completed by June 4th, 2025. Shares of RailTel Corporation have also delivered multibagger of more than 200 per cent in the last one-year holding period. The company an order book to approximately Rs. 4,700 crores.

RailTel Corporation of India Limited was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways. It is a Miniratna PSU of the Government of India. At present, RailTel's network passes through around 6,000 stations across the country, covering all major commercial centers. RailTel is the only consistently profitable, consistently dividend paying, and debt-free company in the Telecom space under the Govt. of India.

The stock has shown robust growth in and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.