2 weeks Ago
Telecom infrastructure provider RailTel Corporation of India shares will remain in focus on Thursday after the company received a Rs 78.43-crore order from Bharat Coking Coal Ltd (BCCL). "This is to inform that RailTel Corporation of India Ltd has received the work order from Bharat Coking Coal Limited for Works amounting to Rs 78,43,30,164 (Including Tax)," RailTel said in an exchange filing.
The order, dated December 31, 2024, involves implementing an integrated IT-based security infrastructure alongside various related services. Also Read: Volatile Times: Don't let profits fool you, track margins, too In October 2024, RailTel secured a Rs 144.88-crore contract from the Gujarat government’s Home Department.
The project involves supplying, installing, commissioning, and maintaining a CCTV video surveillance system across various police and cybercrime branches. The contract is expected to be executed by May 21, 2025. Stock Trading Masterclass on Value Investing and Company Valuation By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.
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7-crore order in the same month from Health Insurance TPA of India Ltd to develop an integrated claims management solution portal and mobile application, with completion slated for June 14, 2030. On August 30, the Indian Government upgraded RailTel Corporation of India to 'Navratna' status, as announced by the Department of Public Enterprises (DPE). RailTel is now the 22nd Navratna Central Public Sector Enterprise (CPSE) in India, boasting an annual turnover of Rs 2,622 crore and a net profit of Rs 246 crore for FY24.
Navratna status grants companies enhanced decision-making capabilities, improved efficiency, and greater empowerment. Public Sector Utilities (PSUs) are classified into three categories: Maharatna, Navratna, and Miniratna. The 'Navratna' classification is awarded to government-owned enterprises that were previously in the 'miniratna' category I, recognizing their exceptional financial and market performance.
On Wednesday, RailTel shares closed at Rs 405, up 0.2% on the BSE, while the benchmark Sensex also rallied 0.47%.
The stock has surged 15% in the past 12 months and 220% over the past two years, with the company’s market capitalization now at Rs 12,996 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
