Dividend Stock RailTel Bags Order From HPCL, Shares May React

Navratna public sector undertaking (PSU) RailTel Corporation of India Ltd shares will grab the spotlight tomorrow after it informed via the BSE filing about receiving an order from HPCL today. RailTel Corporation share price gained 4.17% on Bombay Stock Exchange (BSE) to Rs 309.75 per share. In last 1-week span, RailTel share price surged more than 9% and outperformed market. Meanwhile, during the similar time span, Sensex soared 4.17% and BSE Telecommunication Index zoomed 5.96%. The PSU has a market cap of Rs 9,941.07 crore. Its return on equity (ROE) is 13.98%. The telecom industry stock witnessed decline of 23.51% year-to-date (YTD). Check details below:

RailTel Corporation of India Bags Order From HPCL

According to the BSE filing of RailTel, “Pursuant to Regulation 30 read with Part A (B) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that RailTel Corporation of India Ltd. (“the Company”) has received the work order from Hindustan Petroleum Corporation Limited for amounting to Rs. 25,15,24,500/- (excluding Tax).” The broad consideration or size of the order is Rs. 25,15,24,500/-. The time period by which the order should be completed by March 31, 2030.

Dividend Stock RailTel Bags Order From HPCL, Shares Likely To React

RailTel Corporation Shares Performance

The 52-week high price of RailTel shares on BSE stood at Rs 618.00 per share (as on 12/07/2024) and 52-week low price is Rs 265.30 per share (as on 03/03/2025), respectively. RailTel shares slipped 34.78% in last 6-months, fell 13.50% in last 1-year, and delivered returns of 202.79% in last 2-years. In last 3-years, RailTel shares offered returns 242.08%.

RailTel Shares To Trade Ex-Date Soon

The PSU recommended 2^nd interim dividend of Re 1/- per share or 10% on March 12, 2025. The company set April 2, 2025 as the record date. Meanwhile, FII/FPI increased holdings from 3.05% to 3.34% for December 2024 quarter.

How To Be Eligible For Railtel Interim Dividend?

Record date is important in deciding shareholders eligibility for dividend. Shareholders whose names surface in company’s shareholders record on the record date will become eligible for dividend. Record date is the date when the company prepares shareholders’ list for dividend. Railtel set record date as April 02, 2025.

Railtel Dividend History

Railtel recommended a total of 10 dividends since 2021. In last 1-year span, it declared an equity dividend amounting to Rs 2.85 per share. It maintains a dividend yield of 0.92% at the last trading price of Rs 297.35 per share.

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