Multibagger Railway Company Bags Order Worth Rs 19,69,96,886, Recently Achieves Navratna Status – Stock Gains 110 Per cent in Just 1 Year!
DIIs increased their stake and the company’s shares have delivered an impressive return of over 110 per cent just 1 year.
RailTel Corporation of India Ltd was incorporated in 2000 to create nationwide broadband and VPN services, a telecom and multimedia network, and modernize the train control operation and safety system of Indian Railways. It is a "Miniratna" PSE of the Government of India. Currently, RailTel's network passes through approximately 6,000 stations across the country, covering all major commercial centers.
The company has secured a work order from Northern Railways for a railway project valued at Rs 19,69,96,886. The project involves the provision of Double Distant signals in connection with the DFC Feeder routes (AMG-UTRZBDSOP, ZBD-JNU(EX), ABP(EX)-TD, and UCRPFM) over the Lucknow Division. The contract is scheduled for completion by September 11, 2026.
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Recently, the Department of Public Enterprises, Ministry of Finance, Government of India, has granted "Navratna Status" to RailTel Corporation of India Ltd.
On Friday RailTel Corporation of India Ltd shares closed the day at Rs 473.90 per share on the BSE. The company’s current market capitalisation stands at Rs 15,290 crore. The stock has delivered a return of over 110 per cent in just 1 year.
As per the Quarterly Results, in the first quarter of FY25, RailTel Corporation of India Ltd recorded a revenue of Rs 558 crore. The operating profit for Q1 FY25 stood at Rs 103 crore. The net profit for Q1 FY25 was Rs 49 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.
Investors must keep this Small-Cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.