Railtel Corporation shares in focus as firm bags order worth over ₹17 crore; shares up 5% YoY

“IIT Delhi has issued a work order for the SITC of UG OFC from IIT Delhi to Sonipat Campus and IIT Delhi Campus to Greater Noida with a six-year AMC. The OFC laying work has to be completed in 9 months," the company said in a regulatory filing on Thursday, February 26.

The order is expected to be completed by February 24, 2032, with the nature of the contract being the OFC Laying Project.

The size of the order as per work is ₹17,02,24,928 (₹17.02 crore).

Railtel Corporation had reported a 19% year-on-year (YoY) jump in revenue at ₹913 crore. The company had posted ₹768 crore in revenue in the December quarter in the previous year.

During the quarter, the project segment posted ₹564 crore and ₹369 crore from the telecom segment. While the company’s total order book for the quarter stood at ₹8,497 crore. The operating profit for the quarter improved strongly at nearly 10% YoY. 

Railtel Corporation share price

At close on Thursday, shares of Railtel Corporation of India settled at ₹312.6 apiece on the National Stock Exchange, falling 1.56%.

For a month’s time, the firm’s shares have fallen more than 5%. In the last six months, the stock has tumbled 9%. On a year-over-year basis, Railtel Corporation shares have gained 5%.

The company’s market capitalisation stands at ₹10,045.37 crore.

About Railtel Corporation of India

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.