RailTel shares in focus on bagging 2 government orders worth Rs 259 crore
RailTel Corporation of India (RailTel) shares are likely to be in the spotlight Monday, June 9, following the announcements that the company has secured two significant work orders worth a cumulative Rs 258.96 crore from government entities in Bihar and Himachal Pradesh.
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As per a regulatory filing, RailTel received a work order from the Bihar Education Project Council (BEPC) for the supply of Student Kits to students of classes 1 to 12 at government schools across Bihar.
The contract is valued at Rs 2,43,11,35,577 (including tax) and is scheduled to be executed by August 14, 2025.The order has been classified as a domestic supply contract. RailTel confirmed that the transaction does not fall under related-party transactions and that no promoter group interest is involved.
ADVERTISEMENT In a separate order, RailTel also received a contract worth Rs 15,96,54,450 from the Department of Education, Samagra Shiksha, Himachal Pradesh.This contract entails the supply of UPS systems and printers to 5,507 government schools across the state.
ADVERTISEMENT Similar to the Bihar order, this contract is also a domestic supply order with no involvement of related parties. The execution deadline for this contract has been set for October 6, 2025.
Also read: F&O Talk | June series shows positive bias for Nifty, Bank Nifty over 18-year trend: Sudeep Shah
ADVERTISEMENT The RailTel stock has delivered a 17.42% gain in the past 1 year, while the year-to-date (YTD) return stands at 9.67%. Over the last 6 months, the stock is up by a modest 1.90%, whereas the 3-month return is significantly higher at 50.16%. Notably, the 1-month performance shows a sharp rise of 46.62%, indicating strong recent momentum.
On Friday, RailTel shares closed 3.7% lower at Rs 444.10 on the BSE.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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