PSU Railway Company Secures Order Worth Rs 9,93,08,100 from Central Medical Services Society – FIIs Increased Stake in September Quarter
FIIs increased their stake and the company’s shares have delivered an impressive return of over 35 per cent just 1 year.
This Small-Cap railway company has secured a work order from the Central Medical Services Society (CMSS), under the Department of Health and Family Welfare, Ministry of Health and Family Welfare, for providing manpower outsourcing services. The order is valued at Rs 9,93,08,100 (inclusive of taxes) and is scheduled for execution by December 1, 2026.
The promoters, promoter groups, or group companies of RailTel Corporation of India Ltd. have no interest in the entity awarding the work order, Central Medical Services Society (CMSS). Furthermore, the order does not qualify as a related party transaction.
On Tuesday, the shares of RailTel Corporation of India Ltd closed at Rs 374.25 per share on the BSE. The company’s current market capitalisation stands at Rs 12,011 crore. The stock has delivered a return of over 170 per cent in just 2 years.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
RailTel Corporation of India Ltd was incorporated in 2000 with the objective of creating nationwide broadband and VPN services, a telecom and multimedia network and modernizing the train control operation and safety system of Indian Railways.
As per the Quarterly Results, in the second quarter of FY25, RailTel Corporation of India Ltd recorded a revenue of Rs 843 crore. The operating profit for Q2 FY25 stood at Rs 129 crore. The net profit for Q2 FY25 was Rs 73 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.
In the September quarter of FY25, FIIs raised their stake in the company from 2.15 per cent to 3.05 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.