RailTel Surges 9.6% After Securing Rs.251.5 Cr Order from HPCL

Summary:

RailTel Corporation of India Ltd. has received a work order worth Rs.251.5 crore (excluding tax) from Hindustan Petroleum Corporation Limited (HPCL). The contract is a 5-year rate contract for the renewal of existing MPLS/ILL links and the addition of new connections, subject to feasibility confirmation over the contract period.  

Stock Performance:

  • Following the announcement, RailTel's stock surged 9.6%, reaching an intraday high of Rs.339.50.
  • Market Cap: Rs.10,501.10 Cr.

Key Data Points:

  • Company: RailTel Corporation of India Ltd.

  • Order Value: Rs.251.5 crore (excluding tax)

  • Client: Hindustan Petroleum Corporation Limited (HPCL)

  • Nature of Order: 5-year rate contract for renewal of MPLS/ILL links & new connections

  • Stock Surge: 9.6% increase, hitting ₹339.50

  • Market Cap: Rs.10,501.10 Cr

About the Company:

RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways. It is a "Navratna" PSU of the Government of India. At present, RailTel's network passes through around 6,000 stations across the country, covering all major commercial centers.

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