Railtel Corporation of India Ltd

RailTel Corporation of India has received the Letter of Acceptance (LoA) from Municipal Corporation Of Greater Mumbai. The order valued at Rs 35.44 crore entails providing comprehensive communication solution with redundancy for five years to Disaster Management Department.Powered by Capital Market - Live

The project is scheduled to be executed by 10 March 2031. RailTel Corporation, a Navratna PSU, is one of the largest neutral telecom infrastructure providers in the country, owning a Pan-India optical fiber network. The company's standalone net profit jumped 4.72% to Rs 76.07 crore in Q2 FY26, compared with Rs 72.64 crore in Q2 FY25. Revenue from operations rose 12.78% YoY to Rs 951.36 crore in Q2 FY26. The counter shed 0.02% to Rs 332.10 on the BSE.Powered by Capital Market - Live

As per the company's exchange filing, RailTel has been appointed as the Project Implementing Agency (PIA) for the procurement and supply of 2,000 AI-enabled laptops. The project is scheduled for completion by March 4, 2026. The company further clarified that neither its promoters nor promoter group members have any interest in the awarding authority, confirming that the transaction does not fall under related-party transactions as per regulatory norms. RailTel Corporation, a Navratna PSU, is one of the largest neutral telecom infrastructure providers in the country, owning a Pan-India optical fiber network. The company's standalone net profit jumped 4.72% to Rs 76.07 crore in Q2 FY26, compared with Rs 72.64 crore in Q2 FY25. Revenue from operations rose 12.78% YoY to Rs 951.36 crore in Q2 FY26. The counter shed 0.66% to Rs 332 on the BSE. Powered by Capital Market - Live

The key equity benchmarks traded near modest gains in mid-morning trade after the RBI trimmed the repo rate by 25 basis points to 5.25%. The Nifty traded near the 26,150 mark. Traders are tracking ongoing IPO activity, crude oil trends and global cues. Market participants are also looking ahead to the US Personal Consumption Expenditure data scheduled for release on Friday, which could influence Fed policy. PSU Bank shares witnessed buying demand for second consecutive trading session. At 11:25 IST, the barometer index, the S&P BSE Sensex, advanced 377.43 points or 0.44% to 85,642.75. The Nifty 50 index jumped 115.75 points or 0.44% to 26,149.50. In the broader market, the S&P BSE Mid-Cap index rose 0.12% and the S&P BSE Small-Cap index fell 0.53%. The market breadth was negative. On the BSE, 1,726 shares rose and 2,055 shares fell. A total of 221 shares were unchanged. Economy: The Reserve Bank of India Governor Sanjay Malhotra, announcing the fifth bi-monthly policy review of FY26 said that RBI's MPC has unanimously decided to reduce the policy repo rate by 25 basis points to 5.25%, keeping its stance neutral. The MPC voted unanimously to reduce the rate under the liquidity adjustment facility, which also revised the standing deposit facility (SDF) rate to 5% and the marginal standing facility (MSF) and Bank Rate to 5.50%, while maintaining a neutral stance. The RBI raised its real GDP growth forecast for FY26 to 7.3% from 6.8% earlier, expecting 7% growth in Q3 and 6.5% in Q4. For Q1 and Q2 FY27, growth is projected at 6.7% and 6.8%, respectively. The CPI inflation forecast for FY26 was lowered to 2% from 2.6%, with expectations of 0.6% in Q3 and 2.9% in Q4. CPI for Q1 and Q2 FY27 is projected at 3.9% and 4%. The MPC noted that headline inflation has eased sharply due to exceptionally benign food prices, while core inflation has softened and is expected to stay anchored near the 4% target in the first half of FY27. The committee said the balance between growth and inflation continues to offer policy space to support economic momentum. The minutes of the meeting will be published on 19 December, and the next MPC meeting will be held from 4 to 6 February 2026. IPO Update: Meesho received bids for 3,33,41,58,720 shares as against 27,79,38,446 shares on offer, according to stock exchange data at 11:24 IST on Friday (5 December 2025). The issue was subscribed 12 times. The issue opened for bidding on 3 December 2025 and it will close on 5 December 2025. The price band of the IPO is fixed between Rs 105 and 111 per share. Aequs received bids for 78,96,90,720 shares as against 4,20,26,913 shares on offer, according to stock exchange data at 11:18 IST on Friday (5 December 2025). The issue was subscribed 18.79 times. The issue opened for bidding on 3 December 2025 and it will close on 5 December 2025. The price band of the IPO is fixed between Rs 118 and 124 per share. Vidya Wires received bids for 56,86,16,544 shares as against 4,33,34,009 shares on offer, according to stock exchange data at 11:18 IST on Friday (5 December 2025).The issue was subscribed 13.12 times. The issue opened for bidding on 3 December 2025 and it will close on 5 December 2025. The price band of the IPO is fixed between Rs 48 and 52 per share. Buzzing Index: The Nifty PSU bank index jumped 1.18% to 8,353.75. The index rose 1.22% in the two consecutive trading sessions. Indian Bank (up 1.86%), Punjab National Bank (up 1.07%), State Bank of India (up 0.82%), Canara Bank (up 0.5%), Bank of India (up 0.47%), Central Bank of India (up 0.35%), Bank of Baroda (up 0.28%) advanced. Stock in Spotlight: RailTel Corporation of India rose 0.54%. The company has received order worth Rs 63.92 crore from Central Public Works Department for design and implementation of ICT network. Global market: Most Asian market advanced on Friday, despite Wall Street's largely flat finish as traders weighed growing expectations of a Federal Reserve rate cut. US equities ended largely unchanged overnight, supported by firm bets that the Fed will ease policy next week while investors await a key inflation reading. The Dow Jones Industrial Average slipped 0.07%, the S&P 500 rose 0.11% and the NASDAQ Composite added 0.22%. The probability of a 25-basis-point cut at the Fed's December 9-10 meeting has risen, with futures now pricing in about an 87% chance. Fresh labour data added to the uncertainty. Weekly jobless claims fell sharply by 27,000 to a seasonally adjusted 191,000, the lowest since September 2022, though holiday-related distortions may have amplified the decline. Earlier in the week, ADP reported a 32,000 drop in private-sector payrolls, the steepest fall in more than two and a half years. Challenger, Gray & Christmas noted that announced job cuts dropped sharply in November, although hiring plans remained subdued. These indicators arrive against the backdrop of an unprecedented 43-day government shutdown that postponed the Bureau of Labor Statistics' official jobs report, now expected only after the Fed's policy decision. In corporate news, Hewlett Packard Enterprise shares fell 9% in after-hours trade after the company missed fourth-quarter revenue expectations, reporting $9.68 billion against the consensus estimate of $9.94 billion.Powered by Capital Market - Live

The contract covers the supply, installation, testing, and commissioning (SITC) of the network, along with five years of operations and maintenance support. The project is scheduled to be executed by 12 May 2031. RailTel Corporation, a Navratna PSU, is one of the largest neutral telecom infrastructure providers in the country, owning a Pan-India optical fiber network. The company's standalone net profit jumped 4.72% to Rs 76.07 crore in Q2 FY26, compared with Rs 72.64 crore in Q2 FY25. Revenue from operations rose 12.78% YoY to Rs 951.36 crore in Q2 FY26. Shares of RailTel Corporation shed 0.24% to settle at Rs 330.70 on the BSE.Powered by Capital Market - Live

The work order covers the selection of a system integrator for designing, developing, and implementing the Regional Information System for the Mumbai Metropolitan Region, along with setting up an Urban Observatory at MMRDA, Mumbai. The project is slated for completion by 28 December 2027. RailTel Corporation, a Navratna PSU, is one of the largest neutral telecom infrastructure providers in the country, owning a Pan-India optical fiber network. The company's standalone net profit jumped 4.72% to Rs 76.07 crore in Q2 FY26, compared with Rs 72.64 crore in Q2 FY25. Revenue from operations rose 12.78% YoY to Rs 951.36 crore in Q2 FY26. Shares of RailTel Corporation fell 1.31% to settle at Rs 331.50 on the BSE.Powered by Capital Market - Live

RailTel Corporation of India has received the work order worth Rs 65.70 crore from Sarva Shiksha Abhiyan (Ssa) Education Department Gujarat. Powered by Capital Market - Live

RailTel Corporation of India has received the work order worth Rs 13.86 crore from Information Technology And Electronics Department Uttar Pradesh. The project entails the supply, installation, commissioning, training and support services of Atal Tinkering Labs(ATL)in schools under the Department of Secondary Education, Uttar Pradesh. Powered by Capital Market - Live

The order entails providing Aadhaar enrollment and updation services and has been awarded by a domestic entity. As per the LoA terms and conditions, the project is slated for completion by 30 October 2030. RailTel Corporation, a Navratna PSU, is one of the largest neutral telecom infrastructure providers in the country, owning a Pan-India optical fiber network. The company's standalone net profit jumped 4.72% to Rs 76.07 crore in Q2 FY26, compared with Rs 72.64 crore in Q2 FY25. Revenue from operations rose 12.78% YoY to Rs 951.36 crore in Q2 FY26. Shares of RailTel Corporation shed 0.77% to settle at Rs 368.60 on the BSE.Powered by Capital Market - Live

RailTel Corporation of India has received the Letter of Acceptance from Rajasthan Council of School Education service amounting to Rs. 32,43,16,000 (Including Tax). The project entails adhaar enrolment & updation service. Powered by Capital Market - Live