Latest news with #ZoramElectronicsDevelopmentCorporationLtd
&w=3840&q=100)
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
Business Upturn
5 days ago
- Business
- Business Upturn
RailTel secures Rs 43.99 crore fibre grid project in Mizoram
By Aditya Bhagchandani Published on June 17, 2025, 17:24 IST RailTel Corporation of India announced on June 17 that it has secured a Letter of Intent (LOI) from Zoram Electronics Development Corporation Ltd. (Zenics) for the implementation of the Mizo Fibre Grid Network (MFGN) project. The estimated value of the project is Rs 43.99 crore, with the expected completion date set for September 5, 2026. The contract is domestic and does not involve any related party transactions, as per the company's disclosure. The exact project value will be finalized upon the issuance of the purchase order. RailTel received the LOI at 11:24 AM on June 17, 2025. 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 Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
