Hot Pursuit     18-Jan-24
Railtel bags work order worth Rs 82 cr
Railtel Corporation of India announced that it has bagged a work order from South Central Railway for worth Rs 82.41 crore.
The scope of order includes comprehensive Ground Infrastructure works for provision of 4G LTE-R in 523 RKM Section of Secunderabad division in South Central Railway.

The time period for completion of project is within 8th September 2025.

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 fell 2.01% to currently trade at Rs 355.70 in the BSE.

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