RailTel Gains After Rs 18m Dredging Contract
ECONOMY & POLICY

RailTel Gains After Rs 18m Dredging Contract

RailTel Corporation of India saw its share price rise in early trade on 22 September following an order win from Dredging Corporation of India worth Rs 180.6 million.
At 09:19 am, RailTel was quoting at Rs 395.35, up Rs 1.50 or 0.38 per cent on the BSE.
The contract from Dredging Corporation involves providing offshore internet for DCI vessels and the ICCC, with execution scheduled by 18 January 2026.
Last week, RailTel secured a Rs 574.8 million contract from Bihar State Educational Infrastructure Development Corporation for developing hybrid smart classrooms and ICT labs at colleges and universities in Bihar under the PM-USHA Scheme.
Earlier in September, the company received a Letter of Acceptance (LOA) for a Rs 2,097.8 million order from the State Project Director, Bihar Education Project Council (BEPC). It also secured a Rs 325.1 million project from Panvel Municipal Corporation and a Rs 709.4 million project from Nashik Municipal Smart City Development Corporation.
The company’s LOA from BEPC covers the supply and installation of smart classrooms at government middle schools, with the order expected to be completed by 31 March 2026.
RailTel shares touched a 52-week high of Rs 478.85 on 27 September 2024 and a 52-week low of Rs 265.30 on 3 March 2025. The stock is currently trading 17.34 per cent below its 52-week high and 49.19 per cent above its 52-week low. The company’s market capitalisation stands at Rs 12.7 billion. 

RailTel Corporation of India saw its share price rise in early trade on 22 September following an order win from Dredging Corporation of India worth Rs 180.6 million.At 09:19 am, RailTel was quoting at Rs 395.35, up Rs 1.50 or 0.38 per cent on the BSE.The contract from Dredging Corporation involves providing offshore internet for DCI vessels and the ICCC, with execution scheduled by 18 January 2026.Last week, RailTel secured a Rs 574.8 million contract from Bihar State Educational Infrastructure Development Corporation for developing hybrid smart classrooms and ICT labs at colleges and universities in Bihar under the PM-USHA Scheme.Earlier in September, the company received a Letter of Acceptance (LOA) for a Rs 2,097.8 million order from the State Project Director, Bihar Education Project Council (BEPC). It also secured a Rs 325.1 million project from Panvel Municipal Corporation and a Rs 709.4 million project from Nashik Municipal Smart City Development Corporation.The company’s LOA from BEPC covers the supply and installation of smart classrooms at government middle schools, with the order expected to be completed by 31 March 2026.RailTel shares touched a 52-week high of Rs 478.85 on 27 September 2024 and a 52-week low of Rs 265.30 on 3 March 2025. The stock is currently trading 17.34 per cent below its 52-week high and 49.19 per cent above its 52-week low. The company’s market capitalisation stands at Rs 12.7 billion. 

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code