Hot Pursuit     24-Nov-23
RailTel Corp bags order worth Rs 53 crore
RailTel Corporation of India announced on Thursday that it has received a work order from Gujarat Informatics aggregating Rs 52.87 crore.
The order involves supply, installation, operations and maintenance of state wide surveillance and ITMS project across Gujarat under the flagship program called ‘Video Integration and State Wide Advance Security- VISWAS’- Phase -II.

The firm has been selected to implement the work in Cluster-I districts namely - Aravalli, Gandhinagar, Kutch (East), Kutch (West), Mehsana, Patan and Sabarkantha.

The said project is worth Rs 52.87 crore and it will be executed in 5 years.

RailTel a "Mini Ratna (Category-I)" central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country.

The company reported 23% rise in net profit to Rs 68.15 crore on a 40% increase in revenue from operations to Rs 599.15 crore in Q2 FY24 as compared with Q2 FY23.

Shares of Railtel Corporation of India rose 0.21% to Rs 293.10 on the BSE.

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