RailTel bags orders worth ₹63.55 crore in Madhya Pradesh and Odisha

Telecom infrastructure provider RailTel Corporation of India Ltd on Friday (February 28) said it has received two work orders totalling ₹63.55 crore, including tax, from state authorities in Madhya Pradesh and Odisha.The company secured a ₹37.18-crore contract from Madhya Pradesh State Electronics Development Corporation Ltd for system integration, expansion of the state data centre (SDC), and establishment of a disaster recovery (DR) centre. The project is scheduled for completion by June 27, 2029.

Additionally, RailTel received a ₹26.37-crore contract from Cuttack Development Authority for setting up 14 units of a billboard system, including hardware, AMC, and command control support across various locations in Cuttack city. This project is expected to be completed by July 11, 2025.

Also Read: RailTel Corporation bags ₹111.43 crore signalling and telecom contract from South Central RailwayRailTel Corporation’s third quarter net profit increased by 4.7% year-on-year (YoY) to ₹65 crore compared to ₹62.1 crore in the same period last year. Revenue from operations surged 14.8% YoY to ₹767.6 crore, up from ₹668.4 crore in Q3 FY24.

However, the company’s EBITDA saw a 6.6% YoY decline, coming in at ₹121 crore against ₹129.7 crore in the year-ago quarter. Consequently, the EBITDA margin contracted to 15.8%, down from 19.4% in Q3 FY24.

Shares of Railtel Corporation of India Ltd ended at ₹281.20, down by ₹16.75, or 5.62%, on the BSE.

Also Read: RailTel Corporation bags ₹78.4-crore order from Bharat Coking Coal