Rs 5,254 Crore Order Book: Navratna PSU Company Bags New Order Worth Rs 170,25,70,543 From Employees Provident Fund Organisation
The stock is up by 68 per cent from its 52-week low of Rs 243.50 per share and gave multibagger returns of over 200 per cent in 2 years.
RailTel Corporation of India Ltd. has secured a significant work order from the Employees Provident Fund Organisation (EPFO) for the supply and services related to the creation of infrastructure for EPFO. This domestic contract, valued at Rs. 170,25,70,543 (inclusive of taxes), is expected to be executed by November 6, 2025.
Additionally, 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.
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.
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Quarterly Results: The net sales increased by 41 per cent to Rs 843.49 crore and net profit increased by 7 per cent to Rs 72.64 crore in Q2FY25 compared to Q2FY24.
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 September 30, 2024, the company’s order book stands at Rs 5,254 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 is up by 68 per cent from its 52-week low of Rs 243.50 per share and gave multibagger returns of over 200 per cent in 2 years.
Disclaimer: The article is for informational purposes only and not investment advice.