Business News Desk – There is good news about multibagger railway PSU shares. RailTel Corporation has received a big order over the weekend. In the information sent to the stock market, RailTel said that it has received an order worth Rs 134.46 crore from Adani Conex Private Limited. This week the share closed at Rs 468 (RailTel Share Price). So far this year, the stock has given returns of 32 percent, 110 percent in one year and 340 percent in two years. Let us tell you that recently it has also got the status of Navratna.
Railtel Order Details
According to the information available on the BSE website, RailTel Corporation has received a work order worth Rs 134.46 crore from the Advanced Smart Metering Infrastructure Project. This order is to be completed by September 2034. The company is continuously receiving orders and its order book is strong.
Railtel’s order book 4800 crores
Earlier on September 26, the company had received a work order worth Rs 156 crore from the Rural Development Department. Before that, an order worth Rs 48.7 crore was received from Health India Insurance. The company was also given Navratna status in the month of August. In the presentation made before the investors, the company said that its order book is worth Rs 4800 crore. The company is running with a revenue target of Rs 2000 crore in the financial year 2025.
A look at Railtel
This company was established in 2001. It got Miniratna status in 2012. Its IPO came in 2021 at Rs 94. This company provides services like VPN, retail broadband, Wi-Fi, dark fiber in telecom services. Apart from this, it provides data center and cloud services. Apart from this, it also works in many verticals.