RailTel Corporation of India Ltd shares jump 2.36% as new order received
Why did RailTel Corporation of India Ltd shares jump today?
Shares of RailTel Corporation of India Ltd were trading higher by 2.36% at ₹258.5 on Thursday at 10:15 AM. This positive movement in the stock price came after the company made a significant announcement to the stock exchanges.
The reason for the share price jump was the news that RailTel has received a major new order. The company informed that it has secured a Letter of Intent (LoI) from Prasar Bharti, specifically from the Director General of Doordarshan. This order is for providing additional features and services on an existing OTT platform called WAVES. The estimated size of this contract is approximately ₹63.15 crore (including tax), and the work is to be completed by February 2029.
This new domestic service contract adds a significant order to RailTel's backlog, signalling steady revenue generation ahead. The announcement of a substantial order from a government entity like Doordarshan likely boosted investor confidence, leading to the upward movement in the company's share price during morning trade.
What does RailTel Corporation of India Ltd do?
RailTel Corporation of India Ltd has received a Letter of Intent from Prasar Bharti (Broadcasting Corporation of India), Director General, Doordarshan. This order is for the provision of services, specifically for additional features and services on the existing WAVES OTT Platform. The contract is a domestic order awarded by an Indian entity.
The nature of this engagement is a service contract for the enhancement of an Over-The-Top (OTT) platform. As per the terms, the execution of these additional features and services is scheduled to be completed by February 11, 2029.
RailTel Corporation of India Ltd Financials
In CroresRailTel Corporation of India Ltd reported a quarter-on-quarter decline in financial performance, with revenue decreasing from ₹1660.06 Crores in March 2026 to ₹893.27 Crores in June 2026. Correspondingly, the company's profit also fell from ₹141.75 Crores to ₹65.78 Crores over the same period.
RailTel Corporation of India Ltd Shareholding Pattern
Promoter holding stands at 72.84% of the total share capital. Foreign Institutional Investors (FIIs) hold 3.98% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.99%. Public shareholders hold the remaining 22.19% stake in RailTel Corporation of India Ltd.
RailTel Corporation of India Ltd FAQs
Q: Why did RailTel shares jump 2.36% today?
New Order Received. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of RailTel Corporation of India Ltd?
As per the latest data, promoters hold 72.84% stake in RailTel Corporation of India Ltd, while FII holding stands at 3.98%. Domestic institutional investors hold 0.99%, and public shareholders account for 22.19% of the equity.
Q: What is the current stock price of RailTel Corporation of India Ltd?
RailTel Corporation of India Ltd shares are currently trading at ₹258.5, recording a gain of 2.36% from the previous close.
Q: What is the market capitalization of RailTel Corporation of India Ltd?
The company currently has a market capitalization of ₹8296.26 crore, reflecting its valuation in the Indian equity market.