HomeMarketsMarket InsightRailtel Corp races 5% on begging Rs 287.57 crore contract

Railtel Corp races 5% on begging Rs 287.57 crore contract

RailTel Corporation of India’s stock rose 5% on March 15 after the business received a Rs 287.57 crore order.

According to an exchange filing, the work order from the Center for Development of Advanced Computing is for the supply, installation, integration, testing, and commissioning of IT infrastructure in greenfield data centers in New Delhi and Bangalore, as well as training and support.

According to Railtel, the order must be completed within 300 days after the date of the work order.

RailTel Corp shares were trading 3.3 percent higher on the BSE at Rs 108.60 at 9:17 a.m.

According to ICICI Securities, Railtel Corp. has observed increasing competition intensity in the project business, both from government organizations and private enterprises, leading the company to adjust its approach to chasing volume-based contracts rather than margin-based ones before. According to the brokerage company, this might assist in increasing absolute Earnings Before Interest and Tax (EBIT) in the project industry.

According to the brokerage business, Railtel has a competitive edge in Indian Railways owing to its unique access to railway infrastructure such as Right of Way (ROW) spanning 67k-Rkm lines, space for tower construction, and so on. Nonetheless, allowing private businesses to share railroad infrastructure should promote competitiveness. Nevertheless, Railtel feels it is in a great position owing to existing partnerships and the time it takes for rivals to invest capex, according to the brokerage company.

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