RAILTEL
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RailTel wins Rs 167 crore EPFO order, shares jump 5%
RailTel Corporation has secured a Rs 166.8 crore work order from the Employees' Provident Fund Organisation (EPFO), driving its shares up 5% in early trading. The order is expected to bolster the company's order book and revenue visibility. This is the second article on the development, confirming the market's positive reaction.
RailTel wins ₹165 crore MPLS VPN order from Western Coalfields
2 Min Read RailTel Corporation of India on Thursday (August 20) said it has secured a work order worth ₹164.79 crore, including taxes, from Western Coalfields for establishing a Multiprotocol Label Switching Virtual Private Network (MPLS VPN) network. The order, received on August 19, is for establishing the MPLS VPN network for Western Coalfields on a rental basis for 60 months. The contract is scheduled to be executed by September 20, 2031, according to a regulatory filing.
RailTel profits steady despite revenue surge
2 Min Read RailTel Corporation of India reported a flat net profit of ₹66 crore for the quarter ended June 30, even as revenue and operating profit recorded double-digit growth year-on-year. The company's board approved the unaudited financial results for the quarter at its meeting held on July 30. Revenue from operations rose 20.1% to ₹893.2 crore in the June quarter from ₹743.8 crore in the corresponding period last year.
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