Railway Stocks : RailTel shares will be in focus on Monday as the company has won contracts. Shares of RailTel Corporation of India Limited on Friday witnessed a jump of 3.80 percent. The surge in share price took it to an intraday high of Rs 478.85 per share. This surge in share price comes after the company announced a new work order of Rs 156 crore from the Rural Development Department of the Ministry of Maharashtra.

What did Railtel say?

In a statement to the stock exchange, RailTel said, "RailTel Corporation of India Limited has received a work order of Rs 1,55,71,67,040 (excluding taxes) from the Department of Rural Development, Mantralaya, Maharashtra for operating the ASSK-GP project in Konkan, Pune, and Nashik areas." The project is expected to be completed by September 25, 2025.

RailTel wins contract

Earlier this month, RailTel has secured two more contracts. These include an order of Rs 48.7 crore from Health Insurance TPA of India Limited and an order of Rs 19.7 crore from Northern Railways. In its Q1FY25 financial results, RailTel reported a 25.2 percent rise in net profit to Rs 48.7 crore compared to Rs 38.9 crore in Q1FY24. Revenue from operations also grew 19.4 percent year-on-year to Rs 558.1 crore from Rs 467.6 crore in the same quarter last year.

RailTel : MCAP

Currently, the market capitalization of RailTel is Rs 15,080 crore, which puts it in BSE Smallcap.

About RailTel

RailTel, established in 2000, is a "Miniratna" public sector company under the Government of India. It was established to provide broadband and telecommunication services across the country, to modernize train control operations and improve safety for the Indian Railways. The company's network connects about 6,000 stations across India, connecting major commercial centers.