RailTel Corporation wins orders worth Rs 63.55 crore; share price trade flat

RailTel Corporation of India

RailTel Corporation of India share price erases the opening gains and trading flat on March 3 after the company received the work order from Madhya Pradesh State Electronics Development Corporation of Rs 37,18,16,668.

At 09:26am, Railtel Corporation of India was quoting at Rs 280.90, down Rs 0.30, or 0.11 percent, on the BSE.

Also, the company received the work order from Cuttack Development Authority for work order amounting to Rs 26,37,50,145.

The company will provide 14 units of billboard system including hardware and AMC, command control support for 3 years in various location of Cuttuck City, which is to be executed by July 11, 2025.

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In the last week, the company along with its consortium bagged an order worth Rs 56,65,62,304 from South Central Railway for comprehensive signalling & telecommunication works for provision of automatic block signalling system in Errupalem - Vijayawada NWBH section of Secunderabad / Vijayawada division in South Central Railway.

And, also received order amounting to Rs 1,11,42,51,936 for comprehensive signalling & telecommunication works for provision of automatic block signalling system in IN Nandalur- Renigunta JN section of guntakal Division In South Central Railway.

The company had reported nearly 5 percent jump in its quarterly net profit at Rs 65.05 crore in December 2024.

The share touched a 52-week high of Rs 618 and a 52-week low of Rs 275.30 on 12 July, 2024 and 28 February, 2025, respectively.

Currently, the stock is trading 54.5 percent below its 52-week high and 2.14 percent above its 52-week low.