RailTel stock jumps after securing order worth ₹63 Cr from Central Public Works Department

Synopsis:
The company‘s shares are in focus after they announced receipt of an order worth Rs. 63.92 crore from CPWD.

The shares of this company with the objective of creating nationwide broadband, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways, have gained investor interest since it received  a new work order following the MMRDA’s work order of Rs.48.77 crore yesterday.

With the market capitalization Rs. 10,635.90 crore, Railtel Corporation of India Ltd’s shares on Friday made a day high of Rs. 338.90 per share, up by 2.47 percent from previous day’s close price of Rs. 330.70. The share has given a return of 173 percent over a period of 5 years.

Significant Order

Railtel Corporation of India Ltd has received a domestic order worth Rs. 63.92 crore from Central Public Works Department for the Design and Implementation of ICT network, this has to be executed by May 12, 2031. 

The nature of order secured by Railtel is SITC of ICT network & O&M support for a period of 5 years, i.e., Supply, Installation, Testing, and Commissioning of an Information and Communication Technology (ICT) network and Operations & Maintenance support for the newly installed network for five years.

About the Company

RailTel was incorporated in 2000, with the objective of creating nationwide VPN and broadband services, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways. At present, RailTel’s network passes through around 6,000 stations across the country, covering all major commercial centers. The orderbook of the company stands at Rs. 8,251 Crores.

Financial Highlights, the revenue from operations grew by 13 percent to Rs. 951 crore in Q2 FY26 from Rs. 843 crore in Q2 FY25, where telecom segment contributed Rs. 367 crore and project segment contributed Rs.584 crores in the company’s operating income.

EBIT grew by 19 percent to Rs.154 crore in Q2 FY26 from Rs. 129 crore in Q2 FY25. Accompanied by growth in Net profit by 5 percent YoY to Rs.76.1 crore in Q2 FY26 and EPS growth of 5 percent YoY to Rs.2.37 per share.

Written by Gourav Pratap Singh

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post RailTel stock jumps after securing order worth ₹63 Cr from Central Public Works Department appeared first on Trade Brains.