RailTel to declare second interim dividend in FY25. Share price edge higher

Stock Market Today: RailTel Corporation of India Ltd is expected to declare second interim dividend in FY25 today post end of its Board Meeting. The RailTel share price thereby edged higher

The RailTel Corporation share price opened at ₹294.05 on the BSE on Wednesday. The opening price of RailTel shares in morning trade was slightly higher than the previous day closing price of ₹293.05. RailTel share price thereafter continued edging higher to intraday highs of ₹298.50 though volatility set in with volatility in the markets.

RailTel Dividend Expectation

RailTel Corporation on 7 March 2025 had intimated exchanges about the a meeting of the Board of Directors of the Company, that is scheduled to be held on Wednesday, 12th March, 2025. The Board meeting of Railtel is to consider and declare 2nd Interim Dividend, if any, for the Financial Year 2024-25.

The Board will also fix the record date to ascertain the Shareholders who are eligible for the 2nd Interim

The record date implies the date that has been set by the company to identify eligible shareholders to receive the dividend payout. The investors who want to reap benefits of the dividend payout need to buy the shares of RAilTel one day prior to the record date for their names to appear in the list of eligible shareholders to receive dividend payout, as per the T+1 settlement mechanism.

RailTel other developments

The RailTel share price also remains in focus on regular order flow announcements. RailTel recently had announced receiving the work order from Northern Railway for order amounting to Rs. 28,29,14,088 (Including Tax) The work order won by the RailTel Corporation of India Ltd. has been for Indoor and Outdoor Double Distant Signalling Work.

RailTel Corporation of India Ltd. also had received the work order from East Central Railway for Works amounting to Rs. 47,50,05,370 (Including Tax).

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