Railtel, the Navratna PSU, receives ₹115 crore order from Power Grid; check details and stock price trend

Navratna PSU stock RailTel Corporation of India, on Wednesday, March 11, 2026, disclosed that the company has received a letter of intent from the Power Grid Corporation of India for a service order estimated at more than ₹115 crore, according to an exchange filing.

“This is to inform that RailTel Corporation of India Ltd has received the Letter of Intent (LoI) from Power Grid Corporation of India Limited,” the company informed the stock exchanges on Wednesday.

RailTel shares jumped 1.7% to hit their intraday high of ₹292.40 after the order book update in the early trading session, before dropping by the mid trading day.

Order details

The order details showed that the service contract is estimated to be at ₹1,15,20,49,000 or ₹115.20 crore, including the tax component, and aimed to be executed by September 10, 2034. The company received the order on Tuesday, March 10, 2026, which was filed with the stock exchanges on Wednesday morning.

RailTel is one of the country’s largest neutral telecom, internet, and broadband network service providers. The company is responsible for setting up high-speed internet connectivity and public WiFi access across over 6,115 stations in India, according to the official website.

As this service is accessible to the public, people can use the high-speed network to stream High Definition (HD) Videos, download movies, do their office work online, among other things, within the station premises.

Although Power Grid Corporation has not specified the nature of the order other than terming it as a “service.” The Rs 115 crore order update is likely to set up network connectivity across the company’s establishments in line with RailTel’s core business.

RailTel share price trend

RailTel shares were trading 0.38% lower at ₹287.30 as of 12:10 a.m. during Wednesday’s stock market session, compared to ₹288.40 at the previous market close, according to the NSE data. The company announced the order book update during the early market hours on March 11.

NSE data also showed that the shares of RailTel Corp. have given stock market investors more than 94% returns on their investment in the last five years and multibagger gains of over 165% returns in the last three years.

However, the company’s stock has lost 1.50% in the last one-year period and is trading 22.29% lower on a year-to-date (YTD) basis. RailTel stock is trading 3.48% higher based on the last five sessions on the Indian stock market.

The Navratna PSU stock hit its 52-week high of ₹478.95 on June 10, 2025, while the 52-week low mark was at ₹266, according to the exchange data. RailTel’s market capitalisation (M-Cap) was trading around ₹9,231.79 crore as of the stock market session on Wednesday, March 11, 2026.