RailTel Share Price Rises Nearly 2% After Company Secures ₹48.40 Crore Work Order From Odisha Education Authority
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RailTel has won a ₹48.40 crore work order from the Odisha Primary Education Program Authority. The project includes supplying, installing and commissioning tools and equipment, along with setting up vocational labs. Work is due to be completed by 3 April 2027.
RailTel Corporation of India has secured a fresh domestic work order worth ₹48.40 crore, including taxes, from the Odisha Primary Education Program Authority (OPEPA). The order covers the supply, installation and commissioning of tools and equipment, as well as the setting up of vocational labs.
The company disclosed the order on 5 October 2026 under its regulatory filing. According to the filing, the work order was received at 13:14 on the same day. The contract is a domestic work order and is not classified as a related-party transaction.
The project is to be completed by 3 April 2027, giving RailTel roughly six months to execute the work. The company also disclosed that the promoter or promoter group has no interest in the entity awarding the contract.
RailTel Share Price Movement
RailTel shares were trading at ₹257.20, up 1.95% on the National Stock Exchange (NSE) at 11:20 am on 6 October. The stock opened at ₹253.10 and moved between ₹252.55 and ₹258.55 during the session.
Metric | Value |
|---|---|
Market capitalisation | ₹8,248.12 crore |
52-week high | ₹400.80 |
52-week low | ₹245.00 |
P/E ratio | 23.82 |
Price-to-book ratio | 4.91 |
RailTel's share price has remained under pressure over the longer term despite the latest session's rise. The stock has declined 33.16% over one year, while its three-year return stands at 17.47%.
The company has also reported a zero debt burden, based on its standalone financials. Its dividend yield is 1.27%, while earnings per share on a trailing-12-month basis stands at ₹10.78.
What Does The Order Cover?
The Odisha contract is focused on vocational education infrastructure. RailTel will undertake the following:
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Supply of tools and equipment
-
Installation and commissioning
-
Setting up of vocational laboratories
The disclosed order value includes taxes.
Also Read - Kotak Mahindra Bank Shares Rise 4% After Q2 FY27 Net Advances Jump 24.7% To ₹5.77 Lakh Crore
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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