Railtel Corporation of India Ltd Share Price – NSE  /  BSE

Telecomm-Service, Small Cap

The order involves supply, installation, operations and maintenance of state wide surveillance and ITMS project across Gujarat under the flagship program called ‘Video Integration and State Wide Advance Security- VISWAS’- Phase -II.

The firm has been selected to implement the work in Cluster-I districts namely - Aravalli, Gandhinagar, Kutch (East), Kutch (West), Mehsana, Patan and Sabarkantha.

The said project is worth Rs 52.87 crore and it will be executed in 5 years.

RailTel a Mini Ratna (Category-I) central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country.

The company reported 23% rise in net profit to Rs 68.15 crore on a 40% increase in revenue from operations to Rs 599.15 crore in Q2 FY24 as compared with Q2 FY23.

Shares of Railtel Corporation of India rose 0.21% to Rs 293.10 on the BSE.

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Railtel Corporation of India has received the work order from Gujarat Informatics for Supply, Installation and Operations and Maintenance of State Wide Surveillance and ITMS Project across the state of Gujarat under flagship program called “Video Integration and State Wide Advance Security-VISWAS”- Phase-II. The estimated revenue for 5 years is Rs. 52.87 crore.

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Earlier on 3 April 2023, RailTel Corporation of India had received the work order from Bihar State Electronics Development Corporation for implementation and management of electronic knowledge network (100 Mbps internet connectivity, Wi-Fi system and smart classes) in academic/administrative buildings of government engineering colleges and polytechnic institutes under department of science & technology, Govt. of Bihar.

The total value of the order was Rs 84.95 crore. However, the total value of the work pertaining to RailTel part was Rs 76.10 crore.

RailTel a Mini Ratna (Category-I) central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country.

The company reported 23% rise in net profit to Rs 68.15 crore on a 40% increase in revenue from operations to Rs 599.15 crore in Q2 FY24 as compared with Q2 FY23.

Shares of Railtel Corporation of India shed 0.73% to end at Rs 252.15 on the BSE.

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Railtel Corporation of India announced the cessation of Rakesh Ranjan as Part-time Govt. Nominee Director of the Company w.e.f. 07 November 2023.

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