RailTel Corporation of India wins ₹40 crore internet services work order from Central Coalfields

State-owned RailTel Corporation of India Ltd on Thursday (July 24) said it has secured a work order worth ₹40.2 crore from Central Coalfields Limited. The order involves the provisioning of 8.4 Gbps internet services.The contract is to be executed by November 23, 2025. The order, inclusive of taxes, adds to RailTel’s growing portfolio of government-backed digital infrastructure projects.

Fourth Quarter Results
Net profit for the period also grew by 46% year-on-year to ₹113.45 crore. Revenue for the Railway PSU increased by 57% from the same quarter last year to ₹1,308 crore. Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter also increased by 54% year-on-year to ₹179.63 crore.Also Read: RailTel Corporation of India secures ₹264 crore Kavach system order from East Central RailwayHowever, margins saw a marginal contraction from last year to 13.7% from 14% last year. This is due to an 86% escalation in expenses on projects from the same quarter last year.

Revenue for the Project Work Services vertical nearly doubled from the year-ago quarter to ₹949.53 crore, while telecom services revenue grew by 7% from last year to ₹358.75 crore.

At the end of the March quarter, as many as 5.3 lakh small shareholders, or those with authorised share capital of up to ₹2 lakh, held a 20.11% stake in the company. As of March 2024, that figure stood at 3.68 lakh shareholders, with a 16% stake. The government continues to hold a 72% stake in RailTel at the end of the March quarter.

Also Read: RailTel bags ₹17.47 crore Chhattisgarh contract, takes July order total to ₹130.32 crore

Shares of Railtel Corporation of India Ltd ended at ₹402.35, down by ₹0.80, or 0.20%, on the BSE.