SYNOPSIS: This Navratna PSU company received a Letter of Intent from Power Grid Corporation worth Rs. 115.2 crore for service-related work, with project execution scheduled to be completed by 10th September 2034.
During Wednesday’s trading session, shares of this Navratna PSU and one of the largest neutral telecom infrastructure providers in India, owning a Pan-India optic fibre cable network (OFC), surged nearly 2 percent on BSE, after the company secured an order worth nearly Rs. 115 crores from Power Grid Corporation of India Limited (PGCIL).
With a market cap of Rs. 9,238.2 crores, shares of RailTel Corporation of India Limited hit an intraday high at Rs. 293.55 on BSE, up by around 2 percent, compared to its previous closing price of Rs. 288.5. The stock has delivered negative returns of around 2 percent in one year, and has fallen by over 15 percent in the last one month.
News
As per the latest disclosures with the stock exchanges, RailTel Corporation of India Limited has received a Letter of Intent (LoI) from Power Grid Corporation of India Limited for the execution of services.
The order will be executed in accordance with the terms and conditions specified in the Notification of Award (NOA-1 and NOA-2). The estimated value of the order is around Rs. 115.2 crores, as per the Letter of Intent, and the project is scheduled to be completed by 10th September 2034.
Financials
Railtel reported a significant growth in its standalone revenue from operations, showing a year-on-year increase of around 19 percent from Rs. 768 crores in Q3 FY25 to Rs. 913 crores in Q3 FY26. However, its net profit decreased from Rs. 65 crores to Rs. 62 crores, representing a marginal decline of nearly 5 percent YoY.
RailTel Corporation of India Limited is a “Navratna” PSU and one of the largest neutral telecom infrastructure providers in the country, owning a Pan-India optic fibre network on exclusive Right of Way (ROW) along the Railway track. As of December 2025, the company’s order book stood at nearly Rs. 8,497 crores.
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