Rs 6,616 crore order book: Navratna PSU bags order worth Rs 274,40,00,000 from Motor Vehicles Department, Maharashtra
The stock is up 73 per cent from its 52-week low of Rs 265.30 per share and has given multibagger returns of 345 per cent in 3 years.
RailTel Corporation of India Ltd has secured a significant Letter of Intent (LOI) from the Motor Vehicles Department, Maharashtra, for a domestic project valued at an estimated Rs 274.40 crore. This order involves the design, implementation, operation, and maintenance of an Intelligent Traffic Management System (ITMS) across various blackspots and vulnerable areas within the Vidarbha Circle. The project has a 10-year operational period, with the execution timeline extending until September 4, 2036. The final contract value will be confirmed upon the issuance of the purchase order.
Earlier, the company secured a domestic contract from the Office of the Inspector General of Police (Technical Services) for the Andhra Pradesh Police Department. This significant order, valued at Rs. 25,12,94,570 (including tax), involves the supply, installation, and maintenance of an integrated security solution for edge devices. The contract is subject to arrears billing and is slated for execution by June 25, 2025.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
About the Company
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 14,000 crore. As of March 31, 2025, the company’s order book stands at Rs 6,616 crore. The stock is up 73 per cent from its 52-week low of Rs 265.30 per share and has given multibagger returns of 345 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.