Tag: RailTel Corporation

RailTel shares up 16% in three sessions after third order win in a week

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Shares of state-run RailTel Corporation of India gained as much as 8% on Monday before giving up some of the gains after the company won another order over the weekend, its third in the last seven days.

The company informed the exchanges that it won a work order from the Municipal Corporation of Greater Mumbai for the supply, installation, testing, commissioning, operations and maintenance of HMIS for the Health Department of the BMC. The order value is worth ₹351.95 crore.

On Saturday, the company won a work order from the State Project Director of the Bihar Education Project Council worth ₹130 crore.

Before these, the company won two orders in Odisha on March 14 and March 4, respectively, worth ₹114 crore and ₹87 crore. This is the fourth order the company has won in the month of March.

Before this three-day surge, shares of RailTel had declined 26% in the previous three sessions, including a 20% lower circuit amidst a broader sell-off in smallcap and midcap names, including railway stocks.

Shares of RailTel are currently trading 2.3% higher at ₹358.90. The stock has declined 27% from its recent peak of ₹491.

At current prices, the stock is trading at a price-to-earnings multiple of 33.28 times for the financial year 2025, which is still higher than its five-year average multiple of 23.9 times.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

RailTel bags order worth ₹130 crore from Bihar Education Project Council

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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RailTel Corporation of India has bagged a work order from the State Project Director (SPD) Bihar Education Project Council (BEPC). The order entails a supply contract valued at ₹1.30 crore inclusive of taxes, the PSU informed stock exchanges.

This comes after the company secured over ₹113.46 crore worth contract from Odisha Computer Application Centre (OCAC).

Earlier in March, the company had said it received work order from State Transport Authority for upgradation of existing Command Control Centre to Unified Command Control Centre & Implementation of Intelligent Enforcement Management System (IEMS) for State Transport Authority, Odisha.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

RailTel shares rally 8% as firm bags ₹113.46 crore order from OCAC

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Shares of RailTel Corporation of India Ltd a ‘Mini Ratna (Category-I)’ PSU, zoomed over 8% in Friday’s trade after the state-run firm bagged over ₹113.46 crore worth contract from Odisha Computer Application Centre (OCAC), the PSU informed stock exchanges.

“This is to inform that RailTel Corporation of India Ltd. (‘the Company’) has received the work order from Odisha Computer Application Centre (OCAC) amounting to ₹113.46 crore (Including GST) for work,” it said.

Earlier in March, the company had said it received work order from State Transport Authority for upgradation of existing Command Control Centre to Unified Command Control Centre & Implementation of Intelligent Enforcement Management System (IEMS) for State Transport Authority, Odisha.

The orders, RailTel said, will be executed within 365 days from the date of LOA.

In February 2024, the PSU said that it has received work order from Prasar Bharati Broadcasting Corporation Of India for Design, Development, Implementation, Operations and Maintenance amounting to ₹139.73 crore. The order was for the selection of Master System Integrator for Design, Development, Implementation, Operations and Maintenance of OTT platform.

Also in February, RailTel said it received work order from Ministry Of Defence for Laying of OFC cable and maintenance for a period of three Year amounting to ₹18.21 crore. In addition to that, RailTel bagged a work order from Western Railways amounting to ₹124.90 crore.

RailTel Corporation is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track. The company provides broadband telecom and multimedia network across the country.

RailTel shares fell sharply in Wednesday’s trading session amid heavy selling in small-cap stocks. The stock tumbled 20% to hit its lower price band of ₹308.40. On Thursday, the scrip closed 10% higher at ₹339.05.

The RailTel stock has risen over 50% in the past six months and are up a solid 216% in the last one year.

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Budget 2024: Here’s why railway stocks like IRFC, RVNL are trading lower post the FM’s speech

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Railway-linked stocks like IRFC, Rail Vikas Nigam, Railtel and others are trading lower after Finance Minister Nirmala Sitharaman concluded her interim Budget speech in the Lok Sabha on Thursday.

Shares of IRFC, RVNL, Railtel and others are trading with losses between 2% and 3%.

The Budget has earmarked a capex of ₹2.55 lakh crore for the Indian Railways, which is marginally higher than the ₹2.4 lakh crore announced in the previous year’s Budget.

Brokerages on the Street were anticipating a significant increase in capex for the railway sector in this interim Budget. Brokerage firm Nirmal Bang was anticipating a 20% increase in Railway Capex during the Budget.

The increase in capex is to be led by further expansion of the Dedicated Freight Corridor, rolling stock, and HSR Networks. The brokerage had also expected the highest increase in allocation.

Finance Minister Nirmala Sitharaman announced three new corridors for the railways – Energy, Mineral and Cement corridor, Port Connectivity Corridor and a High Traffic Density Corridor.

“The run in the last 12-18 months is factoring in as much as financial year 2026 numbers in terms of the way the (railway) stocks have run up,” said Gautam Trivedi of Nepean Capital.

“I think given the fact that – yes, the push from the government for both these sectors, still remains very strong but the fact is profit booking at some point was necessary. And I think that’s exactly what’s happening. Nothing has otherwise significantly changed from an order standpoint, at least not in the budget,” he said.

Railway stocks had a stellar run in 2023, with shares rising between 100% to even 300%. Stocks like IRFC and RVNL had gained as much as 70% in January itself.

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

RailTel soars 11% on robust growth in Q3 net profit; firm wins order worth ₹162.73 cr

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Shares of RailTel Corporation of India surged more than 11% on Thursday after the company reported robust growth in revenue and net profit for the quarter ending December 31, 2023.

The telecom infrastructure arm of the Indian Railways reported 47% growth in revenue year-on-year at ₹674.81 crore in the December quarter, compared to ₹462.17 crore in the year-ago period. Sequentially, the company’s total income grew 10.11%, compared to ₹61.28 crore in the September quarter.

RailTel Corporation’s profit after tax (PAT) in Q3FY24 more than doubled to ₹62.14 crore YoY, compared to ₹31.95 crore in the same quarter a year ago. However, net profit dropped 9.67% quarter-on-quarter, compared to ₹68.15 crore in the previous quarter.

The rail PSU’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) stood at ₹125.25 crore in Q3FY24 as against ₹79.86 crore in the year-ago period, registering a 56.84% growth YoY.

For the nine-month period ending December 31, 2023, the company reported total revenue of ₹1,770.37 crore, compared to ₹1,287.35 crore in the same period a year ago. The company’s net profit increased to ₹168.68 crore in for the nine-month period as against ₹113 crore in the corresponding period preceding fiscal.

In a separate filing to the stock exchanges, Railtel Corporation said that it has received the work order worth ₹162.73 crore from Navodaya Vidyalaya Samiti for supply and implementation of integrated infrastructure and IT solutions in JNVS schools.

The state-owned company informed the bourses that the contract has been awarded under the PM SHRI Scheme and the order will be completed in 180 days.

Earlier this month, RailTel secured an order worth ₹39.88 crore from the Bihar Education Project Council for the supply of teaching-learning material for classes 4 and class 5.

Before that, the company received an order of ₹35 crore from RVNL for providing Data Centre Hosting and Application Support services.

At 10.37 AM, shares of RailTel Corp were trading 7.7% higher at ₹428 apiece on BSE.

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

RailTel Corporation secures ₹29.5 crore order to install MPLS-based VPN connectivity at 26 sites across India

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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RailTel Corporation of India Ltd on Wednesday, January 10, said it has bagged an order worth ₹29.54 crore from the Centre for Development of Telematics (C-DoT) to insall MPLS-based VPN (virtual private network) services across India.

MPLS VPN is a group of multi-protocal label switching methods to create VPNs, which is short for virtual private networks.

Under the scope of the work, the telecom infrastructure arm of the Indian Railways, will install MPLS VPN connectivity of 1 GPS, 10 GPS and 40 GPS at 26 sites across India.

In a stock exchange filing, the company said it would execute the order in 14 weeks.

RailTel, a key player in the Indian telecommunications and railway infrastructure sector, earlier this week, secured an order worth ₹39.88 crore from the Bihar Education Project Council.

The work order from the Bihar Education Project Council was for the supply of teaching-learning material for classes 4th to 5th.

The order win came close on the heels of Railtel securing four new work contracts in December.

Railtel Corp CMD Sanjai Kumar recently told CNBC-TV18 that he was optimistic about a significant growth in contracts in the railway signalling segment.

Kumar stated that the company was hopeful of receiving nearly 15% of the Railways’ total signalling and telecom sector projects, valued at ₹1 lakh crore.

Founded in September 2000, RailTel Corporation is a public sector enterprise with a target to create a comprehensive nationwide broadband, telecom, and multimedia network. The company’s main goal is to modernise train control operations and improve safety systems for the Indian Railways.

With an extensive network spanning around 5,000 stations, it reaches major commercial centres, playing a crucial role in advancing India’s railway infrastructure.

At 9.52 AM, shares of RailTel Corporation were trading 0.11% lower at ₹349.35 apiece on BSE.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

RailTel Corporation near record high after Rs 78 crore order win from a railways organisation

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Shares of RailTel Corporation of India hit an intraday high of Rs 180.80 on Wednesday after the company announced a Rs 78 crore order win from an Indian Railways organisation.

RailTel said that it has received a working order from the Centre for Railway Information Systems (CRIS) for procurement of cloud infrastructure for next-generation Passenger Reservation System (PRS) of the Indian Railways. The order amounts to Rs 78.58 crore, including taxes.

The scope of the order includes supply, installation and integration, configuration and commissioning of hardware, software and networking and security equipment for the next-generation PRS at the primary data centre at the Railway Internet Data Centre (RIDC), CRIS, Chanakyapuri, New Delhi, and in DR Data centre located in  Secunderabad.

The order will include warranty support (including annual technical support, or ATS) for a period of 3 years from the date of commissioning of the equipment. Also, RailTel needs to complete the execution within 52 weeks from the date of purchase order, according to the terms of the agreement.

Last week, RailTel announced that its total revenue during the quarter ended June 2023 stood at Rs 483 crore as against Rs 385 crore in the same quarter a year ago, registering a year-on-year growth of 25 percent.

The company said that it maintained a strong and sustainable order book of the size of Rs 4,500 crore as it bagged new orders worth Rs 527 crores in the June quarter.

Shares of RailTel Corporation are off opening highs, currently trading little changed at Rs 177.45. The stock is near its all-time high of Rs 189.70, which it hit in March this year. The stock has risen nearly 40 percent in the last one month.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

RailTel bags NMDC deal to offer digital transformation services

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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RailTel Corporation of India has bagged an order from mining major NMDC for covering ICT and digital transformation services both at NDMC’s corporate offices and mining complexes.

RailTel shares were up 1.28 percent on the BSE in morning trade.

A memorandum of understanding (MoU) was signed by H Sundaram Prabhu, GM (IT) of NMDC, and Manohar Raja, Executive Director, RailTel, in the presence of NMDC CMD Sumit Deb, at NMDC’s headquarters in Hyderabad on Monday, October 10.

Deb said the partnership would focus on the optimal utilisation of resources and build mineral accountability, thus paving the way for a robust digital transformation in the mining sector.

Amitava Mukherjee, Director (Finance) of the mining company, said that RailTel would provide consultancy, project management and execution services that will enhance efficiency and transparency.

This MoU is an extension of NMDC’s partnership with the National Railway Telecom which has been providing MPLS VPN at 11 locations, and Internet Leased Lines (ILL) at seven locations.

RailTel has been providing High-Definition Video Conferencing solutions for seven years now.

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

HFCL wins Rs 447.8-crore advance purchase orders from BSNL, RailTel

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Domestic telecom gear maker HFCL Ltd on Wednesday (September 14) said it has bagged two advance purchase orders amounting to Rs 447.81 crore from Bharat Sanchar Nigam Ltd (BSNL) and RailTel Corporation of India Ltd (RailTel).

The BSNL order consists of supply, installation, commissioning, operation and maintenance of CUPS BNG (Control Plane User Plane Separation Broadband Network Gateway) and associated subscriber policy manager and authentication platform on a turnkey basis.

The RailTel order is for supply, installation, testing, commissioning, integration with existing infrastructure, operation, and maintenance of IP-based video surveillance system (VSS) in 180 railway stations under the western region of RailTel for and on behalf of Indian Railways.

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HFCL is a technology company that makes high-end transmission and access equipment, as well as optical fibre and optical fibre cables (OFC). It specialises in establishing modern communication networks for telecom service providers, railroads, and the military.

The company reported a 41.76 percent decline in consolidated profit to Rs 53.1 crore in the first quarter ended June 30, 2022. The consolidated revenue declined 12.92 percent to Rs 1,051 crore during the reported quarter from Rs 1,207 crore during the year-ago quarter.

Shares of HFCL Ltd ended at Rs 79.10, up by Rs 2.30, or 2.99 percent on the BSE.

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3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

RailTel awarded ICAI Award for Excellence in Financial Reporting

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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RailTel, a miniratna central government PSU under the ministry of railways has been awarded the ICAI Award for Excellence in Financial Reporting for the year 2020-21 in the public sector entities category.

Institute of Chartered Accountants of India (ICAI), a premier accounting body has been conducting the annual competition for these awards since 1958.

Financial Reporting includes the preparation and presentation of financial information through annual reports, which enables the management and
other relevant stakeholders in taking various effective business, investment, regulatory decisions.

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This award has been instituted with a view to promoting better standards in the preparation and presentation of information in the financial statements.

RailTel continues to be a profitable company since FY 2006-07 and recorded its highest ever consolidated income in FY 20-21 of Rs 1,411 crore, a growth of 21 percent, and a Compound Annual Growth Rate (CAGR) of 16.6 percent over the past three years.

The company declared an interim dividend at the rate of 17.5 percent of paid-up share capital (Rs. 1.75 /- per share) for the FY 2021-22. RailTel currently has a healthy order book of around Rs 5,300 crore.

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow