Latest news with #KeralaStateInformationTechnologyMission
Business Standard
15 hours ago
- Business
- Business Standard
RailTel Corp gains after securing Rs 50-cr orders
RailTel Corporation of India advanced 2.13% to Rs 366.85 after the company bagged two orders worth Rs 50.41 crore from the Kerala State Information Technology Mission (KSITM) and the Higher Education Department, Government of Odisha. The first order, valued at Rs 34.99 crore, has been awarded by KSITM for providing Data Centre Operator services, including operations and maintenance of State Data Centres, for a period of five years. The project is scheduled to be executed by 19 August 2025. Additionally, the company received a Rs 15.42-crore order from Odishas Higher Education Department for the design and development of CMS-based bilingual websites for colleges. The project is to be completed by 19 February 2026. RailTel Corporation, a "Navratna" PSU, is one of the largest neutral telecom infrastructure providers in the country, owning a Pan-India optical fiber network. The companys standalone net profit jumped 35.81% to Rs 66.10 crore in Q1 FY26, compared with Rs 48.67 crore in Q1 FY25. Revenue from operations rose 33.27% YoY to Rs 743.81 crore in Q1 FY26.
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Business Standard
16 hours ago
- Business
- Business Standard
Railtel Corporation rises 4% on bagging two new work orders; details
RailTel Corporation of India shares rose 4 per cent on Thursday, August 21, 2025, on the BSE, logging an intra-day high at ₹373.8 per share. At 11:20 AM, RailTel Corporation shares were trading 1.92 per cent higher at ₹366.1 per share. In comparison, BSE Sensex was up 0.33 per cent at 82,131.81. Railtel Corporation order details The buying on the counter came after the company won two new orders. Firstly, the company has received a work order worth ₹35 crore from Kerala State Information Technology Mission for the operation and maintenance (O&M) of the SDC project. 'This is to inform that RailTel Corporation of India Ltd. ("the Company") has received the work order from Kerala State Information Technology Mission for Projects O&M of SDC amounting to ₹34,99,85,628 (Excluding Tax),'the filing read. Another order was worth ₹15.4 crore from the Higher Education Department, Government of Odisha. 'This is to inform that RailTel Corporation of India has received the work order from Higher Education Department, Government of Odisha for a work order amounting to 15,42,08,471 (Including Tax),' the filing read. Besides, on August 5, 2025, The company had received another work order from the Airports Authority of India for Telecom - MPLS amounting to ₹18,57,11,821 (Including Tax). Under the contract, Railtel was expected to provid MPLS-VPN Services at AAI Airports/offices. On August 1, the company secured the advance work order from Bharat Sanchar Nigam Limited for Services amounting to ₹1,66,38,00,000 (Including Tax). In July 2025, the company secured a work order from East Central Railway for works amounting to over ₹264 crore. As per the order, RailTel will be responsible for implementing Kavach, the indigenous Train Collision Avoidance System, across 607 route kilometers (RKm) of low-density railway tracks in the East Central Railway zone. Meanwhile, the order needs to be completed by July 14, 2027, RailTel said in a statement. About Railtel Corporation RailTel Corporation of India, founded in 2000 as a public sector undertaking under the Ministry of Railways, plays a crucial role in modernising India's railway communication systems and providing broadband services across the country. The company's primary services include broadband connectivity to urban and rural areas, offering mission-critical communication solutions like video surveillance and e-office services, and providing Wi-Fi and on-demand content at major railway stations. It also focuses on network modernisation to improve train operations and administration, ensuring the smooth functioning of the railway system.
Economic Times
19 hours ago
- Business
- Economic Times
RailTel shares jump 4% after fresh Rs 50 crore contract wins
Shares of RailTel Corporation of India jumped 4% to the day's high of Rs 373 on Thursday after the public sector telecom infrastructure provider bagged two new contracts worth nearly Rs 50 crore from government entities in Kerala and Odisha. ADVERTISEMENT RailTel said it secured a contract of Rs 34.99 crore from the Kerala State Information Technology Mission to provide data centre operation services and maintenance of the State Data Centres for five years. Separately, it received a Rs 15.42 crore contract from the Higher Education Department of Odisha for the design and development of CMS-based bilingual websites for colleges under the department. RailTel, among India's largest neutral telecom infrastructure providers, operates a fiber optic network of more than 62,000 kilometres along railway tracks and an additional 21,000-kilometre citywide the June quarter, RailTel posted a 36% rise in net profit to Rs 66 crore, compared to Rs 49 crore a year earlier. Revenue from operations surged 33% to Rs 744 crore during the quarter, against Rs 558 crore in the same period last year. ADVERTISEMENT The company's EBITDA stood at Rs 116 crore, up 11.5% during the June quarter from Rs 104 crore a year ago. However, operating margin slipped to 15.6% from 18.6%. Unlock 500+ Stock Recos on App RailTel shares have dropped 10% so far in 2025, underperforming the Nifty 50 index, which has gained 5% in the same period. ADVERTISEMENT From a technical perspective, the stock is trading below five of its eight key simple moving averages (SMA), the 20-day, 30-day, 50-day, 100-day and 200-day levels, while staying above its 5-day, 10-day and 150-day Relative Strength Index (RSI) stands at 40.9, suggesting the stock is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) is at -13 and remains below its center line, pointing to continued bearish momentum. ADVERTISEMENT Also read | Ola Electric shares rally 25% in 2 days. Analysts say Rs 57 within reach; should you buy? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Business Upturn
19 hours ago
- Business
- Business Upturn
RailTel shares rise 2% after bagging Rs 50 crore orders from Kerala and Odisha
RailTel Corporation of India Ltd. gained nearly 2% on Wednesday, trading at ₹365, after the company announced that it has secured multiple orders cumulatively worth over ₹50 crore. The fresh contracts have provided a boost to investor sentiment, reflecting RailTel's growing role in India's digital and telecom infrastructure expansion. The first order, valued at ₹34.99 crore, was awarded by the Kerala State Information Technology Mission. Under this contract, RailTel will provide data centre operation services and ensure the maintenance of the state's data centres for a period of five years. This project highlights the company's expertise in handling mission-critical digital infrastructure. The second order, worth ₹15.42 crore, was received from the Higher Education Department of Odisha. It involves the design and development of CMS-based bilingual websites for various colleges across the state. With this project, RailTel strengthens its footprint in the education sector's digital transformation initiatives. RailTel operates one of the largest neutral telecom infrastructure networks in India, with over 62,000 kilometres of optic fiber laid along railway tracks and a 21,000-kilometre citywide network. In terms of financial performance, RailTel reported a strong first quarter for FY26, with net profit rising 36% year-on-year to ₹66 crore, compared to ₹49 crore in the same period last year. Revenue from operations surged 33% to ₹744 crore, while EBITDA improved to ₹116 crore. However, operating margins narrowed to 15.6% from 18.6%. The combination of robust earnings growth and fresh order wins has kept RailTel in focus, with analysts seeing continued traction in government-led digitalisation projects as a key growth driver. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
