Rs 4,682 crore order book: Smart metering infrastructure company bags new order worth Rs 134,46,83,608 from Adani Connex Pvt Ltd
The stock gave multibagger returns of 110 per cent in just 1 year whereas BSE Sensex Index was up by 29.40 per cent in the same period.
RailTel Corporation of India Ltd has secured a contract worth Rs 134,46,83,608 from Adani Connex Private Limited to implement an Advanced Smart Metering Infrastructure Project. This domestic contract entails the development and deployment of smart metering solutions across a specified timeframe, spanning from September 27, 2024, to September 26, 2034. The project aims to modernize energy metering infrastructure, enabling efficient energy management and improved services for consumers.
RailTel has secured substantial orders for various projects across different sectors. A significant contract worth approximately Rs 155,71,67,040 was received from the Rural Development Department, Mantralaya, Maharashtra, for the operationalization of the ASSK-GP project in the Konkan, Pune, and Nashik regions. In the healthcare sector, RailTel has been awarded a contract by the Health Insurance TPA of India Ltd. for the development of an Integrated Claims Management Solution Portal and Mobile Application, valued at Rs 48.7 crore. Additionally, RailTel has secured multiple work orders from Northern Railways for various railway projects, including the provision of double distance in connection with DFC Feeder routes and railway telecom projects, with estimated values ranging from Rs 10.92 crore to Rs 19.69 crore.
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 "Miniratna" 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 15,000 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 110 per cent in just 1 year whereas BSE Sensex Index was up by 29.40 per cent in the same period.
Disclaimer: The article is for informational purposes only and not investment advice