RailTel Gains After Rs 18m Dredging Contract

25 Sep 2025 CW Team

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.

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