RailTel Corporation of India has received the work order from Bangalore Metro Rail Corporation for upgradation of CCTV System of Reach 1 and CAMC amounting to Rs. 67.86 crore. Powered by Capital Market - Live

RailTel Corporation of India has received the work order from Bangalore Metro Rail Corporation for SITC of IT Network Infrastructure at Stations & Depots for Reach 5, Reach 6 (Passive Components Only) & Reach 3C amounting to Rs. 75.01 crore. The announcement was made on 02 October 2024. Powered by Capital Market - Live

RailTel Corporation of India has received the work order from Adani Connex for services amounting to Rs. 134.46 crore. As part of the contract, the company will undertake advanced smart meter infrastructure project from 27 September 2024 to 26 September 2034. Powered by Capital Market - Live

The order includes advanced smart metering infrastructure project. The order is worth Rs 134.46 crore and the said contract is expected to be executed by 26 September 2034. RailTel a Mini Ratna (Category-I) central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country. The company reported 23.4% rise in consolidated net profit to Rs 68.15 crore in Q1 FY25 as compared to Rs 55.24 crore posted in Q1 FY25. Revenue from operations jumped 39.8% YoY to Rs 599.15 crore in Q1 FY25. Shares of RailTel Corporation advanced 1.40% to settle at Rs 467.75 on Friday, 27 September 2024.Powered by Capital Market - Live

The domestic equity benchmarks traded with limited gains in morning trade. The Nifty traded above the 26,250 mark. Metal shares witnessed buying demand for the sixth consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex rose 117.22 points or 0.14% to 85,953.34. The Nifty 50 index added 52.95 points or 0.20% to 26,269. The Sensex and Nifty clocked an all-time high of 85,966.03 and 26,271.85, respectively in morning trade. In the broader market, the S&P BSE Mid-Cap index rose 0.35% and the S&P BSE Small-Cap index gained 0.56%. The market breadth was strong. On the BSE, 2,234 shares rose and 1,350 shares fell. A total of 157 shares were unchanged. Buzzing Index: The Nifty Metal index gained 1.66% to 10,151.05. The index jumped 9.72% in six consecutive trading sessions. National Aluminium Company (up 3.61%), Hindalco Industries (up 2.77%), Steel Authority of India (up 2.5%), Vedanta (up 2.4%), Welspun Corp (up 2.31%), Ratnamani Metals & Tubes (up 2.22%), Tata Steel (up 1.93%), Hindustan Zinc (up 1.54%), Jindal Steel & Power (up 1.43%) and NMDC (up 1.3%) advanced. Stocks in Spotlight: RailTel Corporation of India advanced 1.92% after the company announced that it has received the work order from Rural Development Department, Mantralaya, Maharashtra, amounting to Rs 155.71 crore. PC Jeweller hit an upper circuit of 5% after the Bank of India submitted its approval to the One Time Settlement (OTS) proposal submitted by the company to settle the outstanding dues. Lemon Tree Hotels rose 0.70%. The company said that it has signed a license agreement viz Lemon Tree Hotel, Sasan Gir, Gujarat.Powered by Capital Market - Live

The contract is for Operationalization of Aaple Sarkar Seva Kendra (ASSK)-GP project in Konkan, Pune, Nashik Regions. RailTel a Mini Ratna (Category-I) central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country. The company reported 23.4% rise in consolidated net profit to Rs 68.15 crore in Q1 FY25 as compared to Rs 55.24 crore posted in Q1 FY25. Revenue from operations jumped 39.8% YoY to Rs 599.15 crore in Q1 FY25. Powered by Capital Market - Live

RailTel Corporation of India has received the work order from Rural Development Department, Mantralaya, Maharashtra for operationalization of ASSK-GP project in Konkan, Pune, Nashik Regions amounting to Rs. 155.71 crore. Powered by Capital Market - Live

The key equity benchmarks traded in a narrow range with minor gains in mid-afternoon trade. The Nifty hovered above the 25,400 level after hitting the day's low of 25,352.25 in morning trade. Consumer durables stocks extended gains for the seven consecutive trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex advanced 132.86 points or 0.16% to 83,114.34. The Nifty 50 index rose 45.70 points or 0.18% to 25,429.45. In the broader market, the S&P BSE Mid-Cap index rose 0.08% and the S&P BSE Small-Cap index shed 0.08%. The market breadth was weak. On the BSE, 1,711 shares rose and 2,209 shares fell. A total of 97 shares were unchanged. Economy: The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 1.31% (Provisional) for the month of August, 2024 (over August, 2023). Positive rate of inflation in August, 2024 is primarily due to increase in prices of food articles, processed food products, other manufacturing, manufacture of textiles and manufacture of machinery & equipment etc. However, this is the lowest WPI inflation in last four months. Buzzing Index: The Nifty Consumer Durables index rose 0.53% to 43,526.25. The index advanced 4.80% in seven consecutive trading sessions. Century Plyboards (India) (up 4.78%), Kalyan Jewellers India (up 1.68%), Crompton Greaves Consumer Electricals (up 1.32%), Titan Company (up 0.76%) and Havells India (up 0.58%), Dixon Technologies (India) (up 0.56%) and Kajaria Ceramics (up 0.5%) edged higher. On the other hand, Blue Star (down 2.58%), Amber Enterprises India (down 1.01%) and Voltas (down 0.74%) edged lower. Numbers to Track: The yield on India's 10-year benchmark federal advanced 1.85% to 6.887 as compared with previous close 6.874. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.7350, compared with its close of 83.8650 during the previous trading session. MCX Gold futures for 4 October 2024 settlement fell 0.14% to Rs 73,383. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.11% to 100.65. The United States 10-year bond yield fell 0.25% to 3.615. In the commodities market, Brent crude for November 2024 settlement lost 3 cents or 0.04% to $72.72 a barrel. Stocks in spotlight: RailTel Corporation of India added 1.65% after the company informed that it has received a work order from Health Insurance TPA of India for service aggregating to Rs 48.70 crore. Powered by Capital Market - Live

RailTel Corporation of India has received the work order from Health Insurance TPA of India for service amounting to Rs. 48.70 crore. The order is for integrated claims management solution portal and mobile application. Powered by Capital Market - Live

The project includes integrated claims management solution portal and mobile application. The order is worth Rs 48.70 crore and is expected to be completed by 14 June 2030. RailTel a Mini Ratna (Category-I) central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country. The company reported 23.4% rise in consolidated net profit to Rs 68.15 crore in Q1 FY25 as compared to Rs 55.24 crore posted in Q1 FY25. Revenue from operations jumped 39.8% YoY to Rs 599.15 crore in Q1 FY25. The scrip fell 0.60% to currently trade at Rs 466.710 on the BSE. Powered by Capital Market - Live