Shares of RailTel Corporation, a public sector company, declined by up to 2.5% in trade on Wednesday, January 14, following the announcement of orders worth ₹609.56 crore by the Bihar Education Project Council.
Following the late-night announcement, RailTel share price touched the day's low of ₹331.80 apiece on the BSE today as against its last closing price of ₹340.25. So far in 2026, the PSU stock has lost 9% of its value.
RailTel order cancellation details
In three separate exchange filings on Tuesday night, RailTel informed bourses that the Bihar Education Project Council has cancelled the projects due to “some unavoidable reasons”. The company had bagged these awards back in September 2025.
The first project, worth ₹257.5 crore, pertained to the procurement, supply and installation of Smart Classrooms at government secondary and senior secondary schools in Bihar.
The second order amounted to ₹262.14 crore and was for the procurement, supply and installation of Smart Classrooms at government middle schools in Bihar.
Meanwhile, the third and final order was for the supply of teaching, learning materials for Classes I to V for government schools in Bihar. This project was worth ₹89.91 crore.
Additionally, RailTel also announced a managerial update wherein Madhulika Pathak (Executive Director/Finance) has been promoted to Principal Executive Director/Finance. The promotion shall be effective from the date of taking over charge of the higher post, said RailTel.
Meanwhile, earlier this month, RailTel bagged orders from Assam Health Infrastructure Development & Management Society (AHIDMS) and Public Financial Management System (PFMS).
The order from AHIDMS, received on January 1, is worth ₹56.71 crore, and the project from PFMS amounts to ₹101.82 crore.
RailTel share price trend
The PSU stock has fared poorly in the last year, shedding 10.5% of its value while the scrip is down 17.60% in six months. On a longer time frame of three years, RailTel share price has delivered multibagger gains of 155%, according to BSE data.
RailTel shares hit a 52-week high of ₹478.80 on June 10, 2025, and a 52-week low of ₹265.30 on March 3, 2025.
Disclaimer: This story is for educational purposes only. We advise investors to consult with certified experts before making any investment decisions.
