Earlier on 3 April 2023, RailTel Corporation of India had received the work order from Bihar State Electronics Development Corporation for implementation and management of electronic knowledge network (100 Mbps internet connectivity, Wi-Fi system and smart classes) in academic/administrative buildings of government engineering colleges and polytechnic institutes under department of science & technology, Govt. of Bihar.

The total value of the order was Rs 84.95 crore. However, the total value of the work pertaining to RailTel part was Rs 76.10 crore.

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 shed 0.73% to end at Rs 252.15 on the BSE.