Latest news with #RailTelCorporationofIndiaLtd
Business Upturn
3 days ago
- Business
- Business Upturn
RailTel secures Rs 243 crore order from Bihar Education Project Council
By Aditya Bhagchandani Published on June 7, 2025, 22:30 IST RailTel Corporation of India Ltd has bagged a major domestic order worth Rs 243.11 crore from the Bihar Education Project Council (BEPC). The work order was received late on June 6, 2025, and was disclosed to stock exchanges on June 7. According to the official filing, RailTel will supply student kits for students from Class 1 to Class 12 enrolled in government schools across Bihar. The order is scheduled to be executed by August 14, 2025. The contract involves only supply-related deliverables and does not fall under the related-party transaction category. RailTel also confirmed that the promoter or promoter group has no direct or indirect interest in this deal. The move strengthens RailTel's position in the education infrastructure and services sector, particularly in state-led initiatives. The project is a significant step forward in enhancing educational tools and accessibility for school-going children in Bihar. 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.
Business Upturn
6 days ago
- Business
- Business Upturn
RailTel receives LOI worth Rs 274.40 crore from Motor Vehicles Department, Maharashtra
RailTel Corporation of India Ltd has received a Letter of Intent (LOI) from the Motor Vehicles Department, Maharashtra, for a significant infrastructure project. The contract involves the design, implementation, operation, and maintenance of an Intelligent Traffic Management System (ITMS) across various blackspots and vulnerable locations in the Vidarbha Circle. The project will span a period of 10 years and aims to enhance road safety and traffic efficiency in the region. This domestic order has an estimated value of ₹274.40 crore, as indicated in the Request for Proposal (RFP), with the final amount to be confirmed upon issuance of the purchase order. The work order was received on June 4, 2025, at 7:27 PM. The project is slated for execution until September 4, 2036. RailTel clarified that there are no related party transactions or promoter interests involved in this contract. In the meantime, RailTel shares opened today at ₹446.95 on Wednesday, and, at the time of writing, reached a high of ₹461.85 and a low of ₹439.50 during the session. The stock remains significantly below its 52-week high of ₹617.80 but well above its 52-week low of ₹265.50, reflecting substantial gains over the year. 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
Mint
05-05-2025
- Business
- Mint
RailTel share price rises 4%: gains 10% in two days; Do you own this railway stock?
Stock Market today: RailTel share price gained up to 4% in the morning trades. this translated into more than 10% gains for the RailTel share price in the past two days; Do you own the railway stock? The gains for RailTel share price are Being helped by good Q4 performance and recent announcement on order win On Friday 2 March 2025 but post market hours RailTel Corporation of India announced having won a large order RailTel Corporation of India Ltd on Friday post market hours had announced about a project order win from North Central Railway. RailTel in its intimation to the exchanges had said that RailTel Corporation of India Ltd. has received the work order from North Central Railway for a Project. The work order for project is amounting to Rs. 22,75,08,801 (Including Tax) for RailTel Corporations. The same has been adding to the investor confidence, leading to the gains for RailTel share prices. The Time period or date by which order(s)/contract(s) is to be executed specified by RalTel in its release stands at 30-APR-26. It is a domestic order RailTel a few days back also had announced another order win. The Railway Stock Railtel Corporation had said that it has received the work order from The Institute Of Road Transport. The RailTel Corporation of India Ltd. specified that the work order amounts to Rs. 90,08,49,783 (Including Tax) The RailTel Corporation of India Ltd. work order received from North Central Railway was for Design, Development, Supply, Implementation, Operations and Maintenance of the Enterprise Resource planning system(ERP) for MTC Ltd. Chennai, TNSTC-Coimbatore and TNSTC Madurai. On Thursday, May 1, RailTel Corporation of India had announced its January-March quarter results for fiscal 2024-25 (Q4FY25), showing a 46.3 percent increase in net profit to ₹ 113.4 crore, up from ₹ ₹ 77.53 crore during the same time the previous year. Operating revenue for the Navratna Public Sector Undertaking (PSU) increased 57% to ₹ 1,308.28 crore in the fourth quarter of FY25 from ₹ 832.7 crore in the same period last year. Railway Stock RailTel share price on Monday 5 May 2025 gained to intrady highs of ₹ 318. This meant that Railway Stock RailTel share price has gained almost 4% over the previous day closing price of ₹ 315.80. This also meant gains of more than 10% over closing price of ₹ 296.25 on Wednesday, with Thursday being the market holiday. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions First Published: 5 May 2025, 12:40 PM IST
