Shares of RailTel Corporation of India Ltd soared 7% on 23 August after the company announced receiving a work order worth Rs 52.66 crore from the Uttar Pradesh Police Recruitment and Promotion Board.

In its regulatory filing, the company said that the project involved providing live CCTV surveillance, digital fingerprint and facial recognition services, and Aadhaar-based biometric impersonation control during written exams and  DV&PST. 

Earlier in July, the company received a work order worth Rs 186 crore from the Ministry of Railways to design, develop, implement, operate, and maintain the HMIS and INtegrated Empanelled Hospital Referral Portal for Indian Railways. 

As of 30 June, the company’s order book stood at Rs 4,682 crore. 

For the quarter ending 30 June 2024, RailTel reported a 25.2% year-over-year growth in net profit to Rs 48.7 crore, while operational revenue increased by 19.4% to Rs 558.1 crore.

The counter has increased by 189% in the last year, almost tripling investor capital. On the other hand, the Nifty increased by about 27% throughout this time.

At 12:28 pm, the shares of RailTel Corp were trading 5.19% higher at Rs 496.20 on NSE.

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