India Development News & Foreign Investment Opportunities

RailTel post net profit of Rs.110 crore

Wifi at 4,900+ stations

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Wifi at 4,900+ stations\

Railtel

Railte

 

RailTel Corporation of India Ltd achieved a turnover of Rs.1,017 crore and posted a Profit before Tax amounting to Rs. 179 crore and net profit of Rs.110 crore during 2018-19 on standalone basis.

The body behind transforming Railway stations into Digital hubs by providing public Wi-Fi at major Railway stations, has held its 19th Annual General Meeting on 27 Sept 2019.

Currently 4,900+ stations are live with RailTel’s RailWire Wi-Fi.

Total dividend payout for the FY 2018-19 would be Rs.64.20 crore (including interim dividend of Rs.18 crore) which is 58.36% of PAT as approved by the shareholders in the AGM.

Chairman and Managing Director Puneet Chawla, addressing stakeholders gave these details and apprised them of the latest developments and future plans of the company on 27 Sept 2019.

RailTel Corporation is a “Mini Ratna (Category-I)” PSU. It is one of the largest neutral telecom services providers in the country owning a Pan-India optic fiber network covering all important towns & cities of the country and several rural areas.

Along with a strong a reliable network of 52,000+ RKM of Optic fibre RailTel has two tier III data centers as well, RailTel is at the forefront of providing nationwide Broadband Telecom & Multimedia Network in all parts of the country in addition to modernization of Train operations and administration of network systems for Indian Railways.

With its Pan India high capacity network, RailTel is working towards creating knowledge society at various fronts and has been selected for implementation of various mission-mode Govt. of India projects in the telecom field. RailTel offers a bundle of services like, MPLS-VPN, Telepresence, Leased line, Tower Co-location, Data center services among others. fiinews.com

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