Latest news with #RailTelCorporationofIndia
Business Standard
a day ago
- Business
- Business Standard
RailTel Corporation bags 2 government orders worth Rs 259 crore
RailTel Corporation of India announced that it has secured two significant work orders worth a total of Rs 259.07 crore from government entities in Bihar and Himachal Pradesh. The first order, valued at Rs 15.96 crore, was received from the Department of Education, Samagra Shiksha, for the supply of UPS systems and printers to 5,507 Government Primary Schools (GPS) across Himachal Pradesh. The order is to be executed by October 6, 2025. The second order, worth Rs 243.11 crore, was awarded by the State Project Director, Bihar Education Project Council (BEPC), for the supply of student kits to Government school students from Class 1 to Class 12 across Bihar. The contract is to be executed by August 14, 2025. RailTel Corporation of India, a 'Navratna' 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's standalone net profit jumped 55.1% to Rs 105.78 crore on a 57.1% rise in net sales to Rs 1,308.28 crore in Q4 FY25 over Q4 FY24. Shares of RailTel Corporation of India rose 0.74% to Rs 447.40 on the BSE.
Time of India
2 days ago
- Business
- Time of India
RailTel shares in focus on bagging 2 government orders worth Rs 259 crore
RailTel Corporation of India (RailTel) shares are likely to be in the spotlight Monday, June 9, following the announcements that the company has secured two significant work orders worth a cumulative Rs 258.96 crore from government entities in Bihar and Himachal Pradesh. Here are the details: Order 1: Rs 243 crore contract from Bihar Education Project Council As per a regulatory filing, RailTel received a work order from the Bihar Education Project Council (BEPC) for the supply of Student Kits to students of classes 1 to 12 at government schools across Bihar. The contract is valued at Rs 2,43,11,35,577 (including tax) and is scheduled to be executed by August 14, 2025. The order has been classified as a domestic supply contract. RailTel confirmed that the transaction does not fall under related-party transactions and that no promoter group interest is involved. Live Events Order 2: Rs 15.96 crore order from Himachal Pradesh's Education Department In a separate order, RailTel also received a contract worth Rs 15,96,54,450 from the Department of Education, Samagra Shiksha, Himachal Pradesh. This contract entails the supply of UPS systems and printers to 5,507 government schools across the state. Similar to the Bihar order, this contract is also a domestic supply order with no involvement of related parties. The execution deadline for this contract has been set for October 6, 2025. Also read: F&O Talk | June series shows positive bias for Nifty, Bank Nifty over 18-year trend: Sudeep Shah RailTel share price history The RailTel stock has delivered a 17.42% gain in the past 1 year, while the year-to-date (YTD) return stands at 9.67%. Over the last 6 months, the stock is up by a modest 1.90%, whereas the 3-month return is significantly higher at 50.16%. Notably, the 1-month performance shows a sharp rise of 46.62%, indicating strong recent momentum. On Friday, RailTel shares closed 3.7% lower at Rs 444.10 on the BSE. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
2 days ago
- Business
- Economic Times
RailTel shares in focus on bagging 2 government orders worth Rs 259 crore
RailTel Corporation of India (RailTel) shares are likely to be in the spotlight Monday, June 9, following the announcements that the company has secured two significant work orders worth a cumulative Rs 258.96 crore from government entities in Bihar and Himachal Pradesh. ADVERTISEMENT As per a regulatory filing, RailTel received a work order from the Bihar Education Project Council (BEPC) for the supply of Student Kits to students of classes 1 to 12 at government schools across Bihar. The contract is valued at Rs 2,43,11,35,577 (including tax) and is scheduled to be executed by August 14, order has been classified as a domestic supply contract. RailTel confirmed that the transaction does not fall under related-party transactions and that no promoter group interest is involved. ADVERTISEMENT In a separate order, RailTel also received a contract worth Rs 15,96,54,450 from the Department of Education, Samagra Shiksha, Himachal contract entails the supply of UPS systems and printers to 5,507 government schools across the state. ADVERTISEMENT Similar to the Bihar order, this contract is also a domestic supply order with no involvement of related parties. The execution deadline for this contract has been set for October 6, 2025. Also read: F&O Talk | June series shows positive bias for Nifty, Bank Nifty over 18-year trend: Sudeep Shah ADVERTISEMENT The RailTel stock has delivered a 17.42% gain in the past 1 year, while the year-to-date (YTD) return stands at 9.67%. Over the last 6 months, the stock is up by a modest 1.90%, whereas the 3-month return is significantly higher at 50.16%. Notably, the 1-month performance shows a sharp rise of 46.62%, indicating strong recent momentum. On Friday, RailTel shares closed 3.7% lower at Rs 444.10 on the BSE. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
India Gazette
2 days ago
- Business
- India Gazette
RailTel bags Rs 243 crore work order from Bihar govt
ANI 08 Jun 2025, 14:39 GMT+10 New Delhi [India], June 8 (ANI): State-owned company RailTel Corporation of India has received work orders worth Rs 243 crore from State Project Director, Bihar Education Project Council, according to a stock exchange filing. The work order is for the supply of 'students kit' for the students of Class 1 to Class 12 at government schools in Bihar. As per the exchange filing, the order must be fulfilled by August 14, 2025. On June 4, the company had received orders worth Rs 274.40 crore from Motor Vehicles Department, Maharashtra. It is to design, implement, operate and maintain Intelligent Traffic Management System (ITMS) on various blackspots/ vulnerable spots in the Vidarbha Circle for a period of 10 years. RailTel is a Navratna company. The central government had granted Navratna status to Railtel Corporation of India Ltd in August 2024. The grant of 'Navratna' status typically leads to an enhanced delegation of powers, more operational freedom, and financial autonomy which will give huge impetus to these companies. The Navratna companies have the autonomy to invest up to Rs 1,000 crore without seeking approval from the central government. The Department of Public Enterprises (DPE) is the nodal department for all the Central Public Sector Enterprises (CPSEs) and formulates policy about CPSEs. (ANI)
Business Upturn
5 days ago
- Business
- Business Upturn
Railway stocks fall: RailTel drops 3.83%, RITES down 3.14%, RVNL falls 2.22%, Texmaco Rail down 2.65%
Railway stocks were largely trading in the red in early market hours on June 6, as of 9:58 AM, reflecting a broader weakness in equity benchmarks. RailTel Corporation of India registered the steepest decline, down 3.83% to ₹443.50. RITES also dropped sharply by 3.14% to ₹299.50. Rail Vikas Nigam traded lower by 2.22% at ₹420.05, while Texmaco Rail slipped 2.65% to ₹170.14. IRCON International was down 2.19% at ₹213.38, and IRFC declined 0.70% to ₹144.25. Titagarh Railsystems edged down 0.44% to ₹929.85. IRCTC was marginally lower, trading at ₹779.50, down 0.22%. Container Corporation gained 0.76% to ₹810.35, and BEML rose 0.57% to ₹4,460.40. In comparison, benchmark indices also traded in the red. As the time of writing, the Nifty 50 was down 0.19% at 24,704.45, while the BSE Sensex slipped 0.26% to 81,229.73. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
