Navratna PSU Railway Company Secures Order Worth Rs 36,78,15,835 from South Eastern Railway – FIIs Increased Stake in September Quarter
FIIs increased their stake and the company’s shares have delivered an impressive return of over 80 per cent just 1 year
This Small-Cap railway company has received a work order from Southeastern Railway valued at Rs 36,78,15,835 (including tax) for the provision of an electronic interlocking system and signalling arrangements (both indoor and outdoor) at Bondamunda K, Bondamunda D, and Bondamunda E & J Cabins. The project is to be completed by October 16, 2025.
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.
Recently, the Department of Public Enterprises, Ministry of Finance, Government of India, has granted "Navratna Status" to RailTel Corporation of India Ltd.
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Currently, RailTel Corporation of India Ltd shares are trading at Rs 397.30 per share on the BSE. The company’s current market capitalisation stands at Rs 12,750 crore. The stock has delivered a return of around 85 per cent in just 1 year.
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As per the Quarterly Results, in the first quarter of FY25, RailTel Corporation of India Ltd recorded a revenue of Rs 558 crore. The operating profit for Q1 FY25 stood at Rs 103 crore. The net profit for Q1 FY25 was Rs 49 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.
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