Railtel Corp shares gain over 2% after firm wins Rs 108 crore order from Mahanadi Coalfields
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The shares of Railtel Corporation of India gained 2.3% to their day's high of Rs 315 on the BSE on Wednesday after the company announced that it has won a domestic order worth nearly Rs 107.61 crore from Coal India’s subsidiary, Mahanadi Coalfields.In an exchange filing released in the post market hours of Tuesday, Navratna PSU RailTel said that the order pertains to the establishment of MPLS VPN network for Mahanadi Coalfields on a rental basis for a period of 60 months.
The said order is scheduled to be executed by June 30, 2031.This follows RailTel Corp's announcement earlier on Tuesday that it secured the Letter of Intent (LoI) for another domestic order worth Rs 13.60 crore from Thane Municipal Corporation.
RailTel will act as the technology partner for the development, upgradation, implementation, operation and maintenance of the DigiThane Citizen Engagement Platform for 10 years.
The said order has a time frame till June 28, 2036.Earlier this week, the company announced it won a domestic order worth Rs 27.06 crore for developing an exclusive end-to-end online portal for the Goa Labour Welfare Board.Also Read | 10 reasons why Nomura stays bullish on Bharti Airtel, sees 28% upsideRailtel Corp share priceRailtel Corp shares have fallen around 3% in one week and 1% in one month, and are down 19% in 2026 so far.
In the longer term, the railway stock has fallen 28% in one year, but delivered 136% returns over three years and 120% returns over five years.The company currently has a market capitalisation of nearly Rs 9,898 crore.
The stock’s P/E ratio stands at around 28x.Railtel Corp earnings snapshotRailtel Corp in April reported a net profit of Rs 141.75 crore for the fourth quarter of the financial year 2026, marking a 25% year-on-year (YoY) increase from the Rs 113.45 crore net profit reported in the corresponding quarter of the previous financial year.The firm’s revenue from operations meanwhile grew around 28% YoY to Rs 1,668.86 crore during the quarter under review, as against Rs 1,308.28 crore in the year-ago period.
Its earnings per share (EPS) improved to Rs 4.42.Also Read | PFC-REC merger | Which stock should you buy before the mega merger creates Rs 11 lakh cr power financing giant (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.
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