Shares of RailTel Corporation of India Ltd soared 7% on Wednesday, 29 January, after the company announced securing a significant order worth Rs 17 crore. 

In its regulatory filing, the company said that they have secured an order from M/s Navodaya Vidyalaya Samiti worth Rs 17 crore for procuring and maintaining IT infrastructure projects that have to be completed by 27 July 2025. 

Moreover, in January, the company secured two significant orders, the first of which was from Bharat Coking Coal, worth Rs 78.43 crore for integrated IT-based security infrastructure. The second order is from North Western Railway for constructing the Ajmer division for a total consideration of Rs 46.79 crore. 

In its quarterly earnings for October-December, the company reported a 5% year-on-year (YoY) increase in net profit at Rs 65 crore for the quarter under review compared to Rs 62.1 crore in the same quarter last year. 

The revenue from operations for the quarter stood at Rs 767.6 crore, marking a 14.8% YoY increase against Rs 668.4 crore reported in the same quarter last year. 

At 3:30 pm, the shares of RailTel closed 7.57% higher at Rs 378 on NSE.

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