230 Per Cent Multibagger: Railway Company wins Order worth Rs 379916792 From Central Warehousing Corporation
The project involves the Supply, Installation, Testing, and Commissioning (SITC) of CCTV systems, with a scheduled completion date of May 16, 2025.
RailTel Corporation of India Ltd. has announced securing a significant work order from the Central Warehousing Corporation, valued at Rs 37,99,16,792 (including taxes). The project involves the Supply, Installation, Testing, and Commissioning (SITC) of CCTV systems, with a scheduled completion date of May 16, 2025. This domestic contract does not involve any related party transactions or interests from the promoter or promoter group.
Following the announcement, Shares of the company rose 2.46 per cent in intraday’s session to Rs 452.85.
Order Book
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 59.85 per cent from its 52-week low of Rs 279 per share and gave multibagger returns of 230 per cent in the past 2 years.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
About the Company
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. The company has a market cap of over Rs 14,000 crore. This recognition underscores RailTel's substantial contributions to the Indian economy and its position as a leading force in telecommunications and information technology.
Disclaimer: The article is for informational purposes only and not investment advice.