The share of RailTel (NSE: RAILTEL), a railway stock that was falling for a month, has come alive.
RailTel Corporation’s share rose by 3% after it received an order of Rs 155.72 crore.
On September 27, the shares of RailTel Corporation of India rose by 3 percent in early trade.
The company said in its release, that RailTel has received a work order of Rs 155 crore (excluding tax) from the Department of Rural Development, Ministry, Maharashtra for the execution of the ASSK-GP project in Konkan, Pune, Nashik areas.
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Orders Pour In On RailTel
According to a report RailTel received an order worth Rs 1,55,71,67,040 (excluding tax) by Health Insurance TPA of India Limited on 17 September for an Integrated Claim Management Solution Portal and Rs 48,70,00,000.00 (excluding tax) for a Mobile Application.
On the contrary on the 13th of September, an order for work worth 19,69,968,886 was received from Northern Railway for the railway project to provide a double distance about DFC feeder lines (AMG-UTRZBDSOP ZBD-JNU (EX), ABP (EX)-TD and UCRPFM) on the Lucknow Division.
RailTel Doubled The Money In One Year
RailTel’s share has given a return of more than 287 percent since February 2021. In the last year, this railway stock has more than doubled the money of its investors.
It has provided an increase of over 110 % throughout this time. If we talk about one-year performance, it has gained 33 percent.
Railtel stock touched a 52-week high of Rs 618.00 on July 12, 2024, and a 52-week low of Rs 200.30 on October 9, 2023.
Quick Fact
| Company name | RailTel |
|---|---|
| Order Amount from Department of Rural Development | ₹155.72 crore |
| Project Name | ASSK-GP |
| Regions | Konkan, Pune, Nashik |
| Order from Health Insurance TPA | ₹155.71 crore (approx.) |
| Project | Integrated Claim Management Solution Portal |
| Order from Health Insurance TPA for Mobile App | ₹48.7 crore |
| Order from Northern Railway | ₹196.99 crore (approx.) |
| Project for Northern Railway | Double distance for DFC feeder lines (AMG-UTRZBDSOP ZBD-JNU (EX), ABP (EX)-TD, UCRPFM) |
| RailTel Return Since February 2021 | 287% increase |
| Return in Last One Year | 110% increase |
| One-Year Performance Gain | 33% increase |
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