Latest news with #MizoFibreGridNetwork
Mint
4 days ago
- Business
- Mint
RailTel share price gains 4% on THIS order update despite stock market sell-off: Check details
Stock Market Today: RailTel share price gained more than 1% in the intraday trades on Wednesday despite the stock market sell-off after the company announced this order update. The order book update was announced by RailTel Corporation of India Ltd. on Tuesday, after market hours. RailTel Corporation of India Ltd. intimated the exchanges on 17 June 2025 regarding securing a major order. As per the release by the RailTel Corporation on the National Stock Exchange and the BSE, or the Bombay Stock Exchange, it has received a Letter of Intent for a domestic work order. The nature of the order contract bagged by RailTel Corporation is for the implementation of the Mizo Fibre Grid Network (MFGN) Project. Zoram Electronics Development Corporation Ltd. (Zenics) is the entity that has awarded the work order to RailTel Corporation. The RailTel Corporation needs to complete the project related to the implementation of the Mizo Fiber Grid Network (MFGN) in a time period of more than 1 year, i.e., by September 2026, as per the details by RailTel. The broad consideration for the work order or the contract to RailTel Corporation or the estimated size of the order as per BID is Rs.43.99 crore. However, the company said that the exact value will be known once the purchase order is issued. RailTel Corporation recently announced another order win. On June 11, 2025, the company won a significant order received by RailTel Corporation of India Ltd. The total value of the work order that RailTel Corporation received from South Eastern Coalfields is Rs. 11,94,89,669 (tax included). RailTel share price opened at ₹ 925.90, and at the time of opening, the RailTel share price was slightly higher compared to the previous day's closing price of ₹ 922.90. It gained to intraday highs of ₹ 932.50, which meant a decline of more than 1% in the intraday trades on Wednesday over the previous day's closing price of ₹ 2664. The BSE share price, despite the stock market sell-off. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
4 days ago
- Business
- Business Standard
Here's why RailTel Corporation share is buzzing in trade today; details
The uptick in the RailTel Corporation share price came after the company announced that it has secured a Letter of Intent (LOI) worth ₹43.99 crore from Zoram Electronics Development Corporation Ltd. SI Reporter New Delhi Railtel Corp share price: State-owned RailTel Corporation of India (RailTel) shares advanced up to 3.89 per cent to hit an intraday high of ₹443.10 per share, on Wednesday, June 18, 2025. At 11:21 AM, RailTel Corp share price was trading 1.21 per cent higher at ₹431.65 per share. In comparison, BSE Sensex was trading 0.17 per cent lower at 81,441.28 levels. Why did RailTel share price rise in trade today? The uptick in the RailTel Corporation share price came after the company announced that it has secured a Letter of Intent (LOI) worth ₹43.99 crore from Zoram Electronics Development Corporation Ltd. (Zenics). In an exchange filing, RailTel Corporation said, 'This is to inform you that RailTel Corporation of India has received a Letter of Intent (LOI) from Zoram Electronics Development Corporation Ltd. (Zenics).' Under the terms of the order, RailTel will be responsible for the implementation of Mizo Fibre Grid Network (MFGN) project. The estimated size of order as per bid is ₹43.99 crore. RailTel Q4 results RailTel reported a 46.3 per cent year-on-year (Y-o-Y) rise in standalone net profit to ₹113.4 crore for the fourth quarter of FY25, up from ₹73.53 crore in the same quarter last year. Revenue from operations surged 57.1 per cent to ₹1,308.2 crore in the March quarter. Profit before tax (PBT) also saw strong growth, rising 48.3 per cent to ₹151.1 crore from ₹101.9 crore in Q4FY24. Total expenses increased 56.04 per cent annually to ₹1,189.43 crore during the quarter. For the full fiscal year FY25, RailTel's standalone net profit grew 21.7 per cent to ₹299.81 crore, while revenue from operations rose 35.4 per cent to ₹3,477.50 crore compared to the previous year. About RailTel RailTel Corporation of India, founded in 2000 as a public sector undertaking under the Ministry of Railways, plays a crucial role in modernising India's railway communication systems and providing broadband services across the country. The company's primary services include broadband connectivity to urban and rural areas, offering mission-critical communication solutions like video surveillance and e-office services, and providing Wi-Fi and on-demand content at major railway stations. It also focuses on network modernisation to improve train operations and administration, ensuring the smooth functioning of the railway system. Additionally, RailTel has been instrumental in various large-scale government projects such as Bharat Net, the National Knowledge Network, and optical fiber connectivity initiatives in the North East. RailTel was formed through the Railway Budget of 2000, with the goal of leveraging the existing telecom assets and the Right of Way (ROW) of Indian Railways to contribute to the National Telecom Policy of 1999.
Business Upturn
4 days ago
- Business
- Business Upturn
RailTel shares jump 3% after company bags order worth Rs 44 crore from Zenics
By Aman Shukla Published on June 18, 2025, 10:05 IST RailTel Corporation of India shares rose 3% in Tuesday's trade after the company announced it had received a Letter of Intent (LOI) from Zoram Electronics Development Corporation Ltd. (Zenics) for the Mizo Fibre Grid Network (MFGN) project. The project is valued at approximately ₹43.99 crore and is expected to be completed by September 5, 2026. The implementation will support the expansion of digital infrastructure in Mizoram. RailTel confirmed that this is a domestic contract and does not involve any related party transactions. As per the company's regulatory filing, the final contract value will be confirmed upon issuance of the purchase order. The LOI was received on June 17, 2025, at 11:24 AM. RailTel shares opened at ₹429.50 and, at the time of writing, touched a high of ₹442.80 during the session. The stock also hit a low of ₹422.20 on the same day. RailTel's 52-week high stands at ₹617.80, while the 52-week low is ₹265.50. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Economic Times
4 days ago
- Business
- Economic Times
RailTel shares in focus on receiving LoI for Rs 44 crore project
Shares of RailTel Corporation of India will be in the spotlight on Wednesday, June 18, after the company announced that it has secured a significant order worth Rs 43.99 crore under the Mizo Fibre Grid Network (MFGN) Project. ADVERTISEMENT The company has received a Letter of Intent (LOI) from Zoram Electronics Development Corporation (Zenics) for the implementation of the project. 'Pursuant to Regulation 30 read with Part A (B) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that RailTel Corporation of India Ltd. ('the Company') has received a Letter of Intent (LOI) from Zoram Electronics Development Corporation Ltd. (Zenics),' the company said in a regulatory filing. According to the filing, the LOI pertains to a domestic order, with an execution timeline set until September 5, 2026. The estimated value of the project, based on the bid, stands at Rs 43.99 crore. The final value will be confirmed upon issuance of the formal purchase the past year, RailTel's stock has gained 1.44%. On a year-to-date (YTD) basis, it is up 5.32%. However, the stock has declined 2.23% in the past 6 months. In contrast, it has rallied 54.58% over the last 3 months and risen 11.29% in the past month. ADVERTISEMENT Shares of RailTel closed 1.5% lower at Rs 426.50 on the BSE on read: Pick up defence stocks for long term; 2 shipping stocks to buy: Neeraj Dewan ADVERTISEMENT On the charts, shares of RailTel are trading below their 10-day exponential moving average (DEMA), but remain above the 20, 50, 100, and 200 DEMA. The Relative Strength Index (RSI) is hovering near the 58 mark, indicating moderate momentum. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
4 days ago
- Business
- Time of India
RailTel shares in focus on receiving LoI for Rs 44 crore project
Shares of RailTel Corporation of India will be in the spotlight on Wednesday, June 18, after the company announced that it has secured a significant order worth Rs 43.99 crore under the Mizo Fibre Grid Network (MFGN) Project. The company has received a Letter of Intent (LOI) from Zoram Electronics Development Corporation (Zenics) for the implementation of the project. 'Pursuant to Regulation 30 read with Part A (B) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that RailTel Corporation of India Ltd. ('the Company') has received a Letter of Intent (LOI) from Zoram Electronics Development Corporation Ltd. (Zenics),' the company said in a regulatory filing. According to the filing, the LOI pertains to a domestic order, with an execution timeline set until September 5, 2026. The estimated value of the project, based on the bid, stands at Rs 43.99 crore. The final value will be confirmed upon issuance of the formal purchase order. RailTel share price performance Over the past year, RailTel's stock has gained 1.44%. On a year-to-date (YTD) basis, it is up 5.32%. However, the stock has declined 2.23% in the past 6 months. In contrast, it has rallied 54.58% over the last 3 months and risen 11.29% in the past month. Shares of RailTel closed 1.5% lower at Rs 426.50 on the BSE on Tuesday. Also read: Pick up defence stocks for long term; 2 shipping stocks to buy: Neeraj Dewan Railtel shares technical placement On the charts, shares of RailTel are trading below their 10-day exponential moving average (DEMA), but remain above the 20, 50, 100, and 200 DEMA. The Relative Strength Index (RSI) is hovering near the 58 mark, indicating moderate momentum. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
