Hot Pursuit     10-Jan-22
RailTel Corp gains after board OKs interim dividend
RailTel Corporation of India advanced 0.88% to Rs 120.65 after the company's board approved an interim dividend of Rs 1.75 per share for the FY 2021-22.

At the current market price, this translates to a dividend yield of 1.5%.

The board has fixed 21 January 2022 as the “record date” for the purpose of payment of interim dividend of FY 2021-22.

RailTel, a "Mini Ratna (Category-I)" Central Public Sector Enterprise is an information and communications technology (ICT) provider and one of the largest neutral telecom infrastructure providers in the country owning a pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track. The Optical Fibre Cable (OFC) network covers important towns & cities of the country and several rural areas. The Government of India held 72.84% stake in the company.

The company's consolidated net profit rose 130.85% to Rs 67.50 crore on 26.69% rise in net sales to Rs 358.49 crore in Q2 FY22 over Q2 FY21.

Previous News
  RailTel bags order of Rs 39.88 cr
 ( Corporate News - 09-Jan-24   09:33 )
  RailTel secures project from Northern Railways
 ( Corporate News - 05-Sep-24   09:18 )
  RailTel wins work order of Rs 134 cr from Adani Connex
 ( Corporate News - 30-Sep-24   12:16 )
  RailTel wins order of Rs 23.96 cr
 ( Corporate News - 04-Jul-24   19:25 )
  Railtel fixes record date for interim dividend
 ( Market Beat - Reports 03-Jan-22   18:56 )
  RailTel wins contract worth Rs 25.30 cr from Govt. of Madhya Pradesh
 ( Corporate News - 15-Dec-23   18:49 )
  Railtel Corporation of India consolidated net profit rises 19.39% in the March 2021 quarter
 ( Results - Announcements 26-Jun-21   07:42 )
  Railtel Corporation of India to hold board meeting
 ( Corporate News - 29-Jul-24   10:01 )
  Railtel Corporation of India to convene board meeting
 ( Corporate News - 07-Nov-22   12:03 )
  Railtel Corporation of India schedules board meeting
 ( Corporate News - 17-Jan-24   11:27 )
  Railtel Corporation of India receives work order worth Rs 15.76 cr
 ( Corporate News - 24-Mar-22   10:26 )
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