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The order From Bihar State Electronics Development Corporation (a Govt. of Bihar Undertaking) is 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, Government of Bihar. The total value of the order is Rs 84.95 crore. However, the total value of the work pertaining to RailTel part is Rs 76.10 crore. The project will be executed within 30 weeks.
The order from National Informatics Centre Services Incorporated (a Government of India Enterprise under NIC) is for installation, testing and commissioning of 4 mbps lease line connectivity for 19 sites, amounting to Rs 38.95 crore. It will be completed within 12 months from the date of letter of award (LoA).
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 Dec 2022, the Government of India holds 72.84% stake in the company
The company‘s consolidated net profit declined 51.6% to Rs 31.95 crore despite of 8.8% rise in net sales to Rs 454.32 crore in Q3 FY23 over Q3 FY22.
The scrip rallied 3.76% to settle at Rs 104.90 on Monday, 3 April 2023.
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