Shares of RailTel Corporation of India Ltd were trading in the green and 1% higher on 5 August after the company announced securing a project worth Rs 216 crore. 

In its regulatory filing, the company said that they have received a Letter of Intent from Bihar State Electronics Development Corporation for the implementation of Mukhyamantree Surakshit Sushaasit Shahar (Safe City) that has to be completed by 30 August 2030.

Last week, the telecom infrastructure company obtained an advance work order from Bharat Sanchar Nigam Limited (BSNL) for services valued at Rs 166.38 crore (including taxes).  RailTel stated that the contract is service-based and will be implemented by 31 July 2028.

RailTel recorded a 36% rise in first-quarter net profit of Rs 66 crore compared to the previous year. The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) climbed by 28% to Rs 133 crore in the June quarter, up from Rs 104 crore the previous year. The operating margin fell to 17.89% from 18.6% in the same period last year.

However, at 2:10 pm, the shares of RailTel Corp were trading 0.75% lower at Rs 365.65 on NSE.

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