Rs 6,616 crore order book: Navratna PSU bags order worth Rs 96,99,80,118 from Central Warehousing Corporation
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The stock is up 57.4 per cent from its 52-week low of Rs 265.30 per share and has given multibagger returns of 340 per cent in 3 years.
RailTel Corporation of India Ltd bagged a significant domestic order from the Central Warehousing Corporation, valued at Rs 96,99,80,118 (including tax). This contract, awarded via an LOI dated May 20, 2024, is for the supply, installation, testing, commissioning, and comprehensive operation and maintenance of Smart Warehousing Elements at 226 foodgrain warehouses. The project is scheduled for execution by July 6, 2030, marking a crucial step in modernising foodgrain storage and logistics across the nation.
Earlier, the company received a Letter of Acceptance from the Cuttack Development Authority for a domestic work order amounting to Rs 15,84,92,196, including tax. This contract involves the installation of 8 additional AI-based billboards in Cuttack, with the project slated for execution by November 2, 2025. This order further solidifies RailTel's presence in providing modern digital infrastructure solutions within India.
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About the Company
Established in 2000, RailTel Corporation of India Ltd (RCIL) is a "Navratna" public sector enterprise under the Indian government, offering diverse telecom services including broadband, VPN, and data centres. With its extensive network spanning over 6,000 stations and 61,000+ km of fibre optic cables, RailTel reaches 70 per cent of India's population. This achievement has led to the prestigious "Navratna" status conferred by the Department of Public Enterprises, Ministry of Finance. This recognition underscores RailTel's substantial contributions to the Indian economy and its position as a leading force in telecommunications and information technology. The "Navratna" status empowers RailTel with greater autonomy, financial flexibility, and the capacity for larger investments, propelling it towards innovation and sustained growth.
The company has a market cap of over Rs 13,000 crore. As of March 31, 2025, the company’s order book stands at Rs 6,616 crore. The stock is up 57.4 per cent from its 52-week low of Rs 265.30 per share and has given multibagger returns of 340 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.