Rs 5,280 Crore Order Book: Navratna PSU Company Bags New Order Worth Rs 90,08,49,783 from The Institute of Road Transport
The stock is up 20 per cent from its 52-week low of Rs 265.30 per share and has given multibagger returns of over 170 per cent in 3 years.
RailTel Corporation of India Ltd (RCIL) has secured a significant domestic work order from The Institute of Road Transport valued at Rs 90,08,49,783 (including tax). This project entails the comprehensive design, development, supply, implementation, operations, and maintenance of an Enterprise Resource Planning (ERP) system for three prominent state transport corporations: MTC Ltd., Chennai, TNSTC-Coimbatore and TNSTC-Madurai. The execution of this extensive ERP system is slated to be completed by October 18, 2026.
Earlier, RailTel and NBCC have formed a five-year strategic alliance through an MoU to jointly develop Data Centre projects in India and overseas. NBCC will handle project management consultancy for building construction and civil infrastructure, while RailTel will manage all IT-related aspects, including planning, design, installation, and maintenance. This collaboration leverages each company's strengths to enhance client acquisition and service delivery in the Data Centre sector.
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 10,000 crore.
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Quarterly Results: The net sales increased by 15 per cent to Rs 767.62 crore and the 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 the net profit increased by 10 per cent to Rs 186.36 crore in 9MFY25 compared to 9MFY24.
As of December 31, 2024, the company’s order book stands at Rs 5,280 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 20 per cent from its 52-week low of Rs 265.30 per share and has given multibagger returns of over 170 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.