Shares of RailTel Corporation of India Ltd surged 3% on 3 March after the company announced securing orders worth Rs 63.55 crore.
In its regulatory filing, the company announced that the first order was received from the Madhya Pradesh State Electronics Development Corporation worth Rs 37.18 crore. The scope of the order is to expand SDC and establish a disaster recovery (DR) centre.
The second order was received from the Cuttack Development Authority for a total consideration of Rs 26.37 crore. As a part of the order, the company will provide 14 billboard systems in different parts of Cuttuck City by 11 July 2025, along with hardware, AMC, and three years of command control support.
Earlier last week, The company and its consortium were given a Rs 56,65,62,304 order by South Central Railway for all signalling and telecommunication work to install an automatic block signalling system in the Errupalem-Vijayawada NWBH section of the Secunderabad/Vijayawada division.
Furthermore, a purchase order for Rs 1,11,42,51,936 was acquired for the full signalling and telecommunication work to install an automatic block signalling system in the Guntakal Division’s IN Nandalur-Renigunta JN section of the South Central Railway.
The company’s quarterly net profit climbed to Rs 65.05 crore in December 2024, a rise of around 5%.
However, at 11:49 am, the shares of RailTel Corp shed all their early gains and were trading 4.87% lower at Rs 267.45 on NSE.
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