The contract involves implementation of AI-based smart enforcement system to curb illegal transportation of minerals with 3 years of operation and maintenance.

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.

The scrip shed 0.37% to currently trade at Rs 297.95 on the BSE.