Miniratna Small Cap Telecom PSU Soars 290% In 12-Months, Wins New Order Today

Miniratna public sector undertaking RailTel Corporation shares witnessed strong surge of 290% in last 1-year. Last trading price of RailTel Corporation shares on BSE is Rs 440.80 apiece with intraday fall of 4.08%. The company has a market capitalisation of Rs 14,146.96 crore. The state-run company today bagged order worth Rs 87.85 crore from State Transport Authority, Odisha. Check details below:

RailTel Corporation Bags New Order: As per the regulatory filing of the company dated March 4, 2024, "this is to inform that RailTel Corporation of India Ltd. ("the Company") has received the work order from State Transport Authority, Odisha amounting to Rs. 87.85 Crore (Including GST). Railtel will involve in the Upgradation of existing Command Control Centre to Unified Command Control Centre & Implementation of Intelligent Enforcement Management System (IEMS) for State Transport Authority, Odisha." The time period by which the order must be executed is 365 DAYS from the date of LOA.

RailTel Corporation Stock Performance & Return: The 52-week high price of RailTel Corporation shares on BSE is Rs 491.15 apiece and 52-week low price is Rs 96.20 apiece, respectively. RailTel Corporation shares gained 54% in last 3-months, 90% in last 6-months, and 290% in last 1-year. In last 2-years, RailTel Corporation shares witnessed attractive rally of 384% and 170% in last 3-years.

RailTel Corporation Financials: The PSU firm declared a sharp jump of 94% in its profit to Rs 62 crore for the quarter ended December 31, 2023 as against Rs 32 crore in the corresponding quarter of last year. Revenue of Railtel soared more than 47% to Rs 668 crore for the December quarter from Rs 454.3 crore reported in the similar quarter of last year. The company reported its EBITDA at Rs 118.8 crore, up 60%.

RailTel Corporation of India About: RailTel Corporation a "Mini Ratna (Category-I)" PSU is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optical fiber network. RailTel is committed to bring cutting edge technology and offer innovative services to the Indian Telecom market. RailTel is in the forefront in providing nationwide Broadband Telecom & Multimedia Network in all parts of the country in addition to modernization of Train operations and administration network systems, according to its official website.

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