RailTel Corp jumps on bagging Rs 53-cr order from Uttar Pradesh Police

RailTel Corporation of India rallied 6.49% to Rs 503.45 after the company informed that it has received a work order worth Rs 52.66 crore from Uttar Pradesh Police Recruitment and Promotion Board for providing various services.

This project entails providing a range of services, including live CCTV surveillance service, impersonation control through Aadhaar-based biometric services, digital fingerprint and facial recognition technology during written examinations and document verification & physical standard test (DV&PST).

The said order is worth Rs 52,66,30,075 and it is expected to be completed by 31 August 2024.

RailTel a "Mini Ratna (Category-I)" central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country.

 

The company reported 23.4% rise in consolidated net profit to Rs 68.15 crore in Q1 FY25 as compared to Rs 55.24 crore posted in Q1 FY25. Revenue from operations jumped 39.8% YoY to Rs 599.15 crore in Q1 FY25.

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