BAJAJ BROKING
RailTel Corporation received a ₹186.81 crore contract from the Ministry of Railways for Hospital Management Information System (HMIS) design, development, and maintenance. For FY 2024, RailTel achieved a total income of ₹2,622 crore and a PAT of ₹246 crore. .
Keep an eye on RailTel share price today as the Railway PSU has announced a significant contract award from the Ministry of Railways. The contract is for the development and maintenance of a Hospital Management Information System (HMIS) and an integrated hospital referral portal.
The Ministry of Railways has entrusted RailTel with a ₹186.81 crore project encompassing the design, development, implementation, operations, and maintenance of the HMIS and an integrated empanelled hospital referral portal.
This contract, which spans four years, aims to upgrade the existing HMIS application to accommodate new requirements specified by the Railways.
RailTel, a mini Ratna company, holds a 72.84% shareholding by the Ministry of Railways, underscoring the strategic collaboration between the two entities. The project is expected to significantly enhance the efficiency and accessibility of healthcare services for Indian Railways' personnel and their families.
RailTel Corporation reported a 3% increase in profit after tax (PAT) for the January-March quarter of 2023-24, amounting to ₹77.53 crore, compared to ₹75.24 crore in the corresponding period of the previous year. The company's total income for the last quarter of 2023-24 was ₹852 crore, up from ₹707.29 crore in the same quarter the previous year.
For FY 2024, RailTel achieved a total income of ₹2,622 crore and a PAT of ₹246 crore. This represents a substantial 31% growth in both turnover and profit compared to the previous year. The company's healthy order book and encouraging revenue growth signal robust operating income prospects in the upcoming quarters.
In June, RailTel received ₹81.6 Crore order from National Informatics Centre Services Incorporated (NICSI) for supply, installation, configuration, commissioning, and integration of ICT infrastructure. On Monday, RailTel share price closed at ₹523.45, marking an increase of ₹6.80 or 1.32% on BSE.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Cube Highways Trust IPO Price, Date, Objective, Analysis & How to Apply
02 Dec, 2024 | 1 Min. read
Ganesh Infraworld IPO Review, Objective & Applying Process
02 Dec, 2024 | 1 Min. read
How to Apply for Ganesh Infraworld IPO & Check Allotment Status?
02 Dec, 2024 | 3 Min. read
Commodities Market Today | Oil Prices Dip, Opec Delays Meeting; Gold, Silver Rise
02 Dec, 2024 | 1 Min. read
Share Market Today | Gift Nifty Hints Flat To Positive Indian Market Start
02 Dec, 2024 | 4 Min. read
Hero Future Energies to Invest ₹11,000 Crore in Karnataka’s Green Energy
02 Dec, 2024 | 2 Min. read
Biocon Biologics’ YESINTEK Gets US FDA Approval for Autoimmune Diseases
02 Dec, 2024 | 2 Min. read
Greaves Cotton Approves IPO for Electric Mobility Arm GEML
02 Dec, 2024 | 2 Min. read
Jet Fuel ATF Prices Surge 1.45% in Delhi, LPG Rates Also Hiked
02 Dec, 2024 | 2 Min. read
Gold Rate Today | Gold Rises 0.5% To $2,677.50; Silver Jumps 1.7%
02 Dec, 2024 | 2 Min. read
How to Apply for Suraksha Diagnostic IPO & Check Allotment Status?
02 Dec, 2024 | 3 Min. read
Nifty ETFs - Meaning, Objectives, Uses and Components
30 Nov, 2024 | 7 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading