RailTel Corporation rallies over 4% as PSU bags fresh orders; check details

The Navratna PSU secured a ₹70.94 crore contract from Nashik Municipal Smart City Development Corporation Ltd. The deal entails providing end-to-end solutions, including supply, installation, testing, and commissioning of the City Network Backbone for Nashik and Trimbakeshwar.

The project also covers ongoing operations and maintenance, with completion targeted by December 31, 2026.

Further, RailTel also bagged a ₹32.51 crore order from Panvel Municipal Corporation. The order, slated for completion by March 19, 2031, involves the supply, installation, and services to provide connectivity solutions (SDWAN-based Internet Lease Line/MPLS Line) across multiple locations as part of the Panvel Safe City Project.

Following this, shares of RailTel gained 4.33% to an intraday high of ₹379.15 apiece on the National Stock Exchange. At 10:57 AM, the stock was trading at ₹373.65 per share, rising 2.82%.

In the last five trading sessions, RailTel shares have climbed over 7%, while for a six-month period, they have zoomed 28%. However, the stock has lost 8% from the beginning of this year.

This week, RailTel has bagged multiple orders from various government agencies. These include orders from the State Project Director (SPD) of the Bihar Education Project Council (BEPC) for a supply amounting to ₹59.76 crore (including tax). It also received the ₹257.50 crore Letter of Acceptance (LOA) from the State Project Director (SPD), Bihar Education Project Council (BEPC). 

Further, another work order from the Bihar Education Project Council (BEPC) is regarding the supply of the teaching learning material of Classes I to V for government schools in Bihar. The estimated size of the order as per the LOA is ₹89.92 crore.

The company also received a ₹44.21 crore order from the State Project Director, Bihar Education Project Council (BEPC), for the SITC of ICT Labs. It has secured a ₹262.14 crore order from the Bihar Education Project Council for the procurement, supply, and installation of smart classrooms in government middle schools.

RailTel Corporation of India Limited is one of the largest neutral telecom infrastructure providers in the country. A public sector enterprise under the Ministry of Railway, the company was founded in 2000. It is a 'Mini Ratna' (Category-I) public sector undertaking.

The company owns a pan-India optic fibre network and primarily looks after the telecommunication services for Indian Railways.

The company maintains a strategic partnership with Indian Railways. RailTel's customer base includes government organisations, ministries, educational institutions, corporations, banks, and NBFCs.