Shares of Railtel Corporation of India surged 8.12 percent to an intraday high of Rs 321.65 per share on the NSE.
RailTel Corp's weak operational performance in Q3 was on account of a surge in expenses due to higher license fees towards the Department of Telecommunications and elevated project costs.
Railway stocks, which had fallen sharply from their record highs in 2024 due to high valuations and broader market correction, rebounded strongly today.
An arbitration tribunal — formed over the dispute over the termination of the contract for content-on-demand (COD) by the PSU — rejected the claim of Margo Networks
The telecom company announced that it will establish, migrate, and manage cloud-based data centre and disaster recovery sites for MHADA
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Railtel Corporation is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fibre network on exclusive Right of Way (ROW) along Railway track.
Railway stocks are in focus today as investors eye higher budgetary sops in the Budget 2024. InCred Equities expects the government to focus on key infrastructure segments such as railway and metro rail, among others.
Railway stocks such as RVNL, RailTel, IRCON and IRFC jumped on June 21, extending the last one year's stellar gains, as investors hope for a continued government thrust on infrastructure development.
This project is slated for completion by August 31, 2024, as per the company's notification to the stock exchanges.
Shares of RailTel, RITES, IRFC, Ircon International, IRCTC, BEML, and Titagarh Rail also jumped up to 11 percent on May 14
RailTel is a Mini Ratna PSU and is one of the largest neutral telecom infrastructure providers in the country owning a pan-India optic fiber network on exclusive right of way (ROW) along railway track.
The correction in railway stocks is expected to last till March-end, says Vinit Bolinjkar. From April, the rally is likely to resume
RailTel Corporation of India shares reclaim Rs 300 mark after the Mini Ratna firm receives a work order from NF Railway Construction worth Rs 66.83 crore.
"REC Limited signed an MoU with RailTel on 9th November 2023 to extend financial assistance up to Rs 30,000 crore for infrastructure projects to be executed by RailTel in next 5 years," an REC statement said.
RailTel stock has surged 94 percent in the last one year, compared to 13 percent rise in the Nifty 50 index.
Delhi G20: In a statement, RailTel said that "over 3,600 mandays were invested by RailTel and its partners to establish cutting-edge mobile network infrastructure and a neutral in-building telecom infrastructure...".