Hot Pursuit     29-Dec-23
Railtel gains on Rs 120-cr order win
Railtel rallied 3.71% to Rs 304.55 after the firm bagged order from South Central Railway for telecommunication work in Yermaras-Nalwar section of Guntakal division worth Rs 120.45 crore.
The scope of order includes comprehensive signalling and telecommunication works for provision of automatic block signalling system in Yermaras-Nalwar Section of Guntakal division in South Central Railway.

The time period for completion of project is 720 days.

RailTel a "Mini Ratna (Category-I)" central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country.

The company reported 23% rise in net profit to Rs 68.15 crore on a 40% increase in revenue from operations to Rs 599.15 crore in Q2 FY24 as compared with Q2 FY23.

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