Shares of RailTel Corporation of India Ltd. fell by 2.5% after reaching a day’s high of Rs 408.60 on 8th November, despite the company announcing that it has received a Rs 170.25 crore work order from EPFO for infrastructure development.

The order from EPFO includes supply and services for infrastructure development, with completion scheduled by 6th November 2025.

Last month, RailTel secured an order worth Rs 144.88 crore from the Gujarat government’s home department to supply, install, commission, and maintain CCTV surveillance systems at various locations.

The Gujarat order will be executed by 21st May 2025, per the company’s update to stock exchanges on 24th October.

In the September quarter, RailTel’s revenue from operations rose by 40% to Rs 843.49 crore, compared to Rs 599.15 crore in the same period last year.

Its profit after tax increased by over 6% to Rs 72.64 crore, compared to Rs 68.15 crore in the previous year.

For the six months ended 30th September 2024 (H1FY25), revenue from operations grew by over 31% to Rs 1,401.6 crore, compared to Rs 1,066.76 crore in the previous year.

The company’s profit after tax for H1FY25 increased by more than 13% to Rs 121.31 crore, compared to Rs 106.54 crore in H1FY24.

So far, in 2024, the stock has surged by nearly 14%. Currently, the firm’s market capitalisation stands at around Rs 12,856 crore.

At 03:24 PM, the shares of RailTel were trading 2.54% lower at Rs 401.35 on NSE.

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