RailTel Corporation jumps 5% to hit 52-week high on bagging 10-year deal worth Rs 700 crore from Pimpri Chinchwad Smart City
The state-owned company bagged a 10-year long end-to-end services deal worth a total of Rs 700 crore from Pimpri Chinchwad Smart City for the monetisation and end to end service of CT network infrastructure. The work order has been awarded on a Revenue Sharing Model, and the estimated annual income of the contract is at Rs 70 crore.
![RailTel Corporation jumps 5% to hit 52-week high on bagging 10-year deal worth Rs 700 crore from Pimpri Chinchwad Smart City](https://cdn.zeebiz.com/sites/default/files/2023/08/08/255203-image-1200x900-2023-08-08t015826887.jpg?im=FitAndFill=(1200,900))
Railtel Corporation reported a consolidated net profit of Rs 38.39 crore, witnessing a strong 48.5 percent rise on a year-on-year (YoY) basis from Rs 25.85 crore posted in the same quarter last year.