RailTel Corporation of India shares gained in the early trade on October 23 after the company has received the work order from South Eastern Railway, valued at approximately Rs 36.78 crore.
At 09:20am, Railtel Corporation of India was quoting at Rs 396.55, up Rs 5.45, or 1.39 percent, on the BSE.
This contract involves the provision of electronic interlocking systems and signaling arrangements at various cabins in Bondamunda, with a completion deadline set for October 16, 2025.
A meeting of the board of directors of the company is scheduled to be held on October 28, 2024, to consider and approve unaudited financial results for the quarter and half year ended on 30th September, 2024 and to declare interim dividend, if any, for the financial year 2024-25.
Catch all the market action on our live blog
The company in the quarter ended September (Q2FY25) reported 18.2 percent fall in its net profit to Rs 139.3 crore while revenue rose 31.6 percent to Rs 13,372.4 crore, YoY.
Orders won in October
The company has received the work order from Kavaratti Smart City for works amounting to Rs 51,40,66,349 (Including Tax).
The company has received the work order from Controller General Of Defence Accounts (Cgda) for NOC SOC Solution for CGDA amounting to Rs 21,64,16,156 (Excluding Tax).
Also, the company has received the work order from ICDS Commissioner, Maharashtra for other project amounting to Rs 14,20,84,800 (Including Tax).
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
