Railtel Corp Shares Surge 4.33% on Securing Rs 103.4 Crore Orders from Panvel and Nashik
Railtel Corporation of India Ltd's shares climbed 4.33% to Rs 379.15, reaching a one-month high. The company secured two orders totaling Rs 103.4 crore from Maharashtra municipal corporations. The first order, worth Rs 32.51 crore, is from Panvel Municipal Corporation for the Panvel Safe City Project. The second order, valued at Rs 70.94 crore, is from Nashik Municipal Smart City Development Corporation Ltd for city network backbone implementation. These orders follow recent contract wins, including an Rs 18.56 crore cyber security services contract from IRCTC and an Rs 520 crore order from Bihar Education Project Council. Despite the recent rally, Railtel's stock has declined 20.66% over the past 12 months and 7.86% year-to-date. Trading volume surged to 3.7 times the 30-day average.

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Railtel Corporation of India Ltd, a railway public sector undertaking, saw its shares reach a one-month high, climbing 4.33% to Rs 379.15. This surge comes on the heels of the company securing two significant orders totaling Rs 103.4 crore from municipal corporations in Maharashtra.
New Orders Boost Investor Confidence
The company has received two major orders from Panvel Municipal Corporation and Nashik Municipal Smart City Development Corporation Ltd. These orders, detailed in the company's latest LODR (Listing Obligations and Disclosure Requirements) filings, showcase Railtel's growing presence in smart city infrastructure projects.
Panvel Municipal Corporation Order:
- Project Value: Rs 32.51 crore (including tax)
- Scope: Supplying, installing, and providing connectivity services (SDWAN-based Internet Lease Line / MPLS Line) for the Panvel Safe City Project
- Completion Deadline: March 31, 2026
Nashik Municipal Smart City Development Corporation Ltd. Order:
- Project Value: Rs 70.94 crore (excluding tax)
- Scope: Implementation of Nashik & Trimbakeshwar City Network Backbone, including supply, laying, installation, testing, commissioning, and maintenance services
- Completion Deadline: December 31, 2026
Recent Contract Wins
This week has been particularly fruitful for Railtel, with multiple contract wins bolstering its order book:
- Rs 18.56 crore contract from Indian Railway Catering and Tourism Corp for cyber security services
- Rs 520 crore order from Bihar Education Project Council for lab equipment and teaching materials
Market Performance
Despite the recent rally, Railtel's stock has faced challenges over the past year:
Period | Decline |
---|---|
12-month | 20.66% |
Year-to-date | 7.86% |
However, the latest news has sparked renewed interest, with trading volume surging to 3.7 times the 30-day average.
Analyst Outlook
The market sentiment remains cautious:
- Two analysts currently recommend a 'sell' rating on the stock
- Consensus price targets suggest a 33.8% downside potential
As Railtel continues to secure significant orders in the smart city and digital infrastructure space, investors and analysts will be closely watching the company's execution and financial performance in the coming quarters.