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RailTel Corporation of India Ltd secured a ₹28.29 crore contract from Northern Railway for double distant signalling work. The project is set for completion by September 6, 2026. The company's shares ended at ₹298.55 on the BSE, reflecting a 0.95% rise.
RailTel Corporation of India Ltd has secured a work order worth ₹28.29 crore from Northern Railway for indoor and outdoor double distant signalling work. The contract will enhance railway signalling infrastructure and is scheduled for completion by September 6, 2026. This latest order strengthens RailTel’s position in railway modernisation projects and adds to its expanding business portfolio.
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Project Value: ₹28.29 crore contract from Northern Railway.
Scope of Work: Indoor and outdoor double distant signalling work.
Completion Deadline: September 6, 2026.
Company Performance: Q3 FY24 revenue rose 14.8% YoY to ₹767.6 crore.
RailTel Corporation of India Ltd Share Price: Ended at ₹298.55, up by 0.95% on BSE.
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In addition to the Northern Railway project, RailTel also secured a ₹47.5 crore contract from East Central Railway for designing and implementing an Electronic Interlocking System in the Dhanbad Division. This brings RailTel’s total work order value to ₹75.8 crore, showcasing its growing presence in railway infrastructure development.
The company has witnessed strong financial performance, with Q3 FY24 revenue surging 14.8% year-on-year to ₹767.6 crore. Net profit rose 4.7% YoY to ₹65 crore, reflecting the company’s steady growth. However, EBITDA saw a 6.6% decline to ₹121 crore, leading to a contraction in the EBITDA margin to 15.8% from 19.4% in Q3 FY24.
Parameter | Q3 FY24 | Q3 FY23 | YoY Change |
Revenue from Operations | ₹767.6 crore | ₹668.4 crore | +14.8% |
Net Profit | ₹65 crore | ₹62.1 crore | +4.7% |
EBITDA | ₹121 crore | ₹129.7 crore | -6.6% |
EBITDA Margin | 15.8% | 19.4% | -3.6% |
RailTel Corporation of India Ltd share price gained 0.95%, closing at ₹298.55 on the BSE following the announcement of new work orders. The company’s growing project pipeline and steady financial growth have strengthened investor confidence.
With railway infrastructure projects becoming a key focus in India, RailTel continues to secure significant contracts, positioning itself as a major player in telecom and railway signalling solutions. The company’s future growth trajectory will depend on its ability to execute projects efficiently and maintain financial stability.
RailTel Corporation of India Ltd’s latest contract with Northern Railway further solidifies its role in railway modernisation. The company’s expanding work orders and steady revenue growth reflect a positive business outlook. With a strong project pipeline, RailTel is expected to maintain its growth momentum in the coming quarters.
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