Rs 5,254 Crore Order Book: Navratna PSU Company Bags Triple Orders Worth Rs 2,20,46,97,403 In Just 1 Day
The stock is up by 24 per cent from its 52-week low of Rs 301.35 per share and gave multibagger returns of over 200 per cent in 2 years.
RailTel Corporation of India Ltd. has announced securing three significant orders in a single day, totalling Rs 2,20,46,97,403. These orders span diverse sectors, demonstrating RailTel's versatility and reach. The largest order, worth Rs 1,00,32,62,309, comes from a defence PSU for setting up a Data Center and Disaster Recovery Center. A second major order, valued at Rs 1,04,15,95,094, was awarded by Maharashtra State Power Generation Company Limited for IT network restructuring across nine plants and three offices.
The third order, amounting to Rs 15,98,40,000, was received from the Department of Education Samagra Shiksha. This project involves supplying and servicing equipment for establishing Robotics, Drone, and Atal Tinkering Labs in 160 government schools in Himachal Pradesh. All three orders are domestic and have varying completion timelines, ranging from November 2025 to January 2030. These wins represent a substantial boost to RailTel's order book and reinforce its position as a key player in the telecom and IT infrastructure space.
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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 11,000 crore.
Quarterly Results: The net sales increased by 15 per cent to Rs 767.62 crore and net profit increased by 5 per cent to Rs 65.05 crore in Q3FY25 compared to Q3FY24.
Nine-Month Results: The net sales increased by 24 per cent to Rs 2,169.22 crore and net profit increased by 10 per cent to Rs 186.36 crore in 9MFY25 compared to 9MFY24.
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 24 per cent from its 52-week low of Rs 301.35 per share and gave multibagger returns of over 200 per cent in 2 years.
Disclaimer: The article is for informational purposes only and not investment advice.