Rs 5,254 Crore Order Book: Navratna PSU Company Bags New Order Worth Rs 14,63,00,000 From Himachal Pradesh School Education Society
The stock is up by 40 per cent from its 52-week low of Rs 301.35 per share and gave multibagger returns of 220 per cent in 2 years.
RailTel Corporation of India Ltd has secured a work order from the Himachal Pradesh School Education Society (HPSES) for the HPSES-(SS) HQ-Language Lab-STARS-2024-25-2416 project valued at Rs 14,63,00,000 (inclusive of taxes). This domestic order, awarded by HPSES as per the terms and conditions outlined in the Letter of Award/Work Order, pertains to the establishment of language laboratories. The project is scheduled for completion by April 10, 2025.
Earlier, the company has secured a significant contract from Bharat Coking Coal Limited valued at Rs 78,43,30,164 (including taxes). This domestic order entails the execution of an Integrated IT Based Security Infrastructure along with various associated services. The project is scheduled for completion by August 28, 2025.
Established in 2000, RailTel Corporation of India Ltd (RCIL) is a "Navratna" public sector enterprise under the Indian government, offering diverse telecom services including broadband, VPN, and data centres. With its extensive network spanning over 6,000 stations and 61,000+ km of fibre optic cables, RailTel reaches 70 per cent of India's population. This achievement has led to the prestigious "Navratna" status conferred by the Department of Public Enterprises, Ministry of Finance. This recognition underscores RailTel's substantial contributions to the Indian economy and its position as a leading force in telecommunications and information technology. The "Navratna" status empowers RailTel with greater autonomy, financial flexibility, and the capacity for larger investments, propelling it towards innovation and sustained growth. The company has a market cap of over Rs 12,000 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 40 per cent from its 52-week low of Rs 301.35 per share and gave multibagger returns of 220 per cent in 2 years.
Disclaimer: The article is for informational purposes only and not investment advice.