The contract involves designing, development, supply, installation, testing & commissioning (SITC), operation & maintenance (O&M) for 5 years of Integrated Command Control Centre and other associated activities for Puducherry Smart City.

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 30 September 2022, the Government of India holds 72.84% stake in the company.

The company's consolidated net profit declined 18.2% to Rs 55.24 crore despite of 19.6% rise in net sales to Rs 428.71 crore in Q2 FY23 over Q2 FY22.

The scrip had advanced 1.06% to end at Rs 124.20 on the BSE yesterday.