{"id":4412,"date":"2024-10-16T13:11:21","date_gmt":"2024-10-16T07:41:21","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4412"},"modified":"2024-10-16T13:11:23","modified_gmt":"2024-10-16T07:41:23","slug":"railtel-corporation-shares-surge-10-following-rs-80-crore-order-win-from-mhada","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/railtel-corporation-shares-surge-10-following-rs-80-crore-order-win-from-mhada\/","title":{"rendered":"Railtel Corporation Shares Surge 10% Following Rs 80 Crore Order Win from MHADA"},"content":{"rendered":"\n

Shares of Railtel Corporation of India surged 10% to Rs 449 during afternoon trading on October 16, after the company secured a Rs 79.8 crore order from the Maharashtra Housing and Area Development Authority (MHADA). The contract involves establishing, migrating, and managing cloud-based data centers and disaster recovery sites for MHADA.<\/p>\n\n\n\n

Despite a 21% decline over the past three months, Railtel shares saw a boost with this new order. The company recently achieved ‘Navratna’ status, signifying its elevated rank among top public sector enterprises, following an annual turnover of Rs 2,622 crore and a net profit of Rs 246 crore in FY24.<\/p>\n\n\n\n

In September, it got a Rs 156 crore order from Maharashtra Rural Development for projects in Konkan, Pune and Nashik. Railtel, the railway PSU, said its net profit surged 25.2% to Rs 48.7 crore for the quarter ended June 2024, while revenue from operations rose 19.4% year-on-year to Rs 558.1 crore.<\/p>\n\n\n\n

Shares of Railtel traded at Rs 440, up 8% from the previous close, at 12:50 pm on the NSE. The company expects 9\u201310% growth in telecom revenue for the year and overall revenue growth of 25\u201330% in FY25.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Railtel Corporation of India surged 10% to Rs 449 during afternoon trading on October 16, after the company secured a Rs 79.8 crore order from the Maharashtra Housing and Area Development Authority (MHADA). The contract involves establishing, migrating, and managing cloud-based data centers and disaster recovery sites for MHADA. Despite a 21% decline […]<\/p>\n","protected":false},"author":1,"featured_media":4413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[508],"class_list":["post-4412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-railtel-corporation-got-order"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4412"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4412\/revisions"}],"predecessor-version":[{"id":4414,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4412\/revisions\/4414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4413"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}