Navratna Railway PSU Bags New Order, Shares Up 216% In 2-Yrs

Navratna public sector undertaking (PSU) RailTel Corporation of India Ltd shares today declined 3.49% on Bombay Stock Exchange (BSE) despite winning a new work order from North Western Railway. Last trading price of RailTel Corporation of India shares on BSE is Rs 401.35 per share. This is third order win for the company in January 2025. The company’s market capitalisation is Rs 12,880.86 crore and free float market cap is Rs 3,477.83 crore.

The company maintains an attractive dividend history as it has already declared 9 dividends since March 31, 2021. In last 1-year, the company recommended an equity dividend amounting to Rs 2.85 per share and offers a dividend yield of 0.71%. Railtel’s return on equity (ROE) is 13.82%. Check relevant details pertaining to Railtel’s new order below:

Navratna Railway PSU Bags New Order, Shares Gain 216% In 2-Yrs

RailTel Corporation of India Bags New Order

As per the exchange filing of RailTel Corporation of India dated January 21, 2025, “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 North Western Railway for Signalling amounting to Rs. 46,79,16,427 (Including Tax).”

Railtel Order Wins In January, 2025

The company secured two major orders in January. The company on January 1, 2024 received the work order from Bharat Coking Coal Limited for Works amounting to Rs. 78,43,30,164 (Including Tax). The company on January 4 informed via its BSE filing, “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 M/s HPSES for HPSES-(SS) HQLanguage Lab-STARS-2024-25-2416 amounting to Rs. 14,63,00,000 (Including Tax).”

RailTel Corporation of India Share Performance

The 52-week high price of RailTel Corporation of India shares on BSE is Rs 618.00 per share (as on 12/07/2024) and 52-week low price is Rs 301.35 per share (as on 14/03/2024), respectively. The telecom PSU offered shareholders return of 6.44% in last 1-week only, declined 22.32% in last 6-months, and fell 9.54% in last 1-year. In last 2-years, RailTel Corporation shares gave return of 216% and surged 240.85% in last 3-years.

RailTel Corporation Financials

The PSU earlier last year on October 28, 2024 announced its profit at Rs 72.6 crore for the September 2024 quarter, up 7% YoY as compared to the profit of Rs 68.2 crore in the similar quarter of last year, according to the exchange filing. It announced a surge of 41% YoY in its revenue to Rs 843.5 crore for the quarter ended September 30, 2024. The telecom firm’s operating income, or earnings before interest, taxes, depreciation, and amortisation, rallied 1% to Rs 129.3 crore.

RailTel Corporation Dividend

The PSU traded ex-dividend on November 6, 2024 for 10% dividend. As per the October 28, 2024 exchange filing of Railtel, “Board of Directors have declared an interim dividend at the rate of 10% of paid-up share capital (Rs.1/- per share). Further, the Board of Directors has also approved Wednesday, 06 th November 2024 as “Record Date” for the purpose of payment of interim dividend of FY 2024-25.”

About

RailTel Corporation a “Mini Ratna (Category-I)” PSU is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optical fiber network. RailTel is committed to bring cutting edge technology and offer innovative services to the Indian Telecom market. RailTel is in the forefront in providing nationwide Broadband Telecom & Multimedia Network in all parts of the country in addition to modernization of Train operations and administration network systems, according to its official website.

Disclaimer

The story highlights new order win and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. MoneyDaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.