Synopsis:
Railtel received an order worth Rs. 216.8 crores from Bihar State Electronics for the Safe City project, scheduled for completion by 4th August 2030.
Shares of a “Navratna” PSU and one of the largest neutral telecom infrastructure providers in India are in focus on the stock exchanges on Tuesday, after the company announced securing an order worth nearly Rs. 216.8 crores from Bihar State Electronics Development Corporation Limited.
At 10:49 a.m., shares of Railtel Corporation of India Limited were trading in the green at Rs. 370.4 on BSE, up by nearly 0.6 percent, as against its previous closing price of Rs. 368.2, with a market cap of Rs. 11,886 crores. The stock has delivered negative returns of around 21 percent in the last one year, and has fallen by over 10 percent in the last one month.
What’s the News
According to the latest regulatory filings on the stock exchanges, Railtel Corporation of India Limited has received a Letter of Intent (LOI) from Bihar State Electronics Development Corporation Limited for a project valued at Rs. 216.8 crores.
The scope of the project includes the implementation of Mukhyamantree Surakshit Sushaasit Shahar (Safe City) and is scheduled to be executed by 4th August 2030.
The Mukhyamantree Surakshit Sushaasit Shahar, often abbreviated as MSSS, refers to Bihar’s state-level Safe City initiative, aimed at enhancing security and governance in selected urban centres.
Financials & more
Railtel reported a significant growth in its revenue from operations, showing a year-on-year increase of around 33 percent from Rs. 558 crores in Q1 FY25 to Rs. 744 crores in Q1 FY26. Similarly, its net profit increased during the same period from Rs. 49 crores to Rs. 66 crores, representing a rise of about 35 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. In Q1 FY26, the company’s order book stood at nearly Rs. 7,200 crores.
The OFC network covers all important towns & cities of the country and several rural areas, covering 70 percent of India’s population. RailTel is at the forefront in providing nationwide Broadband Telecom & Multimedia Network in all parts of the country, in addition to modernisation of Train operations and administration network systems.
Written by Shivani Singh
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