RailTel Corporation of India share price gain marginally in the opening trade on June 18 after the company received a Letter of Intent (LOI) from Zoram Electronics Development Corporation (Zenics).
At 09:27am, Railtel Corporation of India was quoting at Rs 428.00, up Rs 1.50, or 0.35 percent, on the BSE.
The contract is for implementation of Mizo Fibre Grid Network (MFGN) project, which is to be executed by September 5, 2026.
The estimated size of order as per bid is Rs 43.99 crore.
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The company board at their meeting held on June 15, 2025 has approved the recommendation of final dividend at the rate of 8.5% of paid-up share capital (Rs 0.85 per share) for the financial year 2024-25.
This final dividend is in addition to interim dividends of Rs 2 per share already paid by the company for the financial year 2024-25.
On June 11, the company received the work order from South Eastern Coalfields for amounting to Rs 11,94,89,669.
The share touched a 52-week high of Rs 618 and a 52-week low of Rs 265.30 on 12 July, 2024 and 03 March, 2025, respectively.
Currently, the stock is trading 30.99 percent below its 52-week high and 60.76 percent above its 52-week low.
The market capitalisation of the company stands at Rs 13,736.16 crore.
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