The order is to be executed in a period of five years.

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. As on 31 March 2023, the Government of India holds 72.84% stake in the company.

The public sector enterprise reported 40% jump in consolidated net profit to Rs 76.04 crore on 51.1% rise in revenue from operations to Rs 703.63 crore in Q4 FY23 over Q4 FY22.

Shares of RailTel Corporation of India declined 0.04% to Rs 127.80 on the BSE.