Rs 5,254 Crore Order Book: Navratna PSU Telecom Company Bags New Order Worth Rs 11,11,80,027 From Mahatma Phule Krisihi Vidyapeeth
The stock is up by 65.4 per cent from its 52-week low of Rs 279 per share and gave multibagger returns of 260 per cent in 2 years.
On Wednesday, shares of RailTel Corporation of India Ltd (RCIL) gained 6 per cent to Rs 461.30 per share from its previous closing of Rs 435.15 per share. The stock’s 52-week high is Rs 618 and its 52-week low of Rs 279. The shares of the company saw a spurt in volume by more than 2.34 times on BSE.
Mahatma Phule Krishihi Vidyapeeth, Taluka-Rahuri, District-Ahilyanagar has awarded a domestic contract to RailTel Corporation of India Ltd worth Rs 11,11,80,027 (excluding tax) for setting up Virtual Classrooms, Digital Classrooms, a Videowall, and an Aadhar-based System at their Central Campus. The contract, which is expected to be executed by February 17, 2025, involves the purchase and installation of necessary equipment to enhance digital learning and administrative processes at the institution.
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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 14,000 crore.
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 65.4 per cent from its 52-week low of Rs 279 per share and gave multibagger returns of 260 per cent in 2 years.
Disclaimer: The article is for informational purposes only and not investment advice.