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RailTel Corp bags order worth Rs 35 cr

22-Mar-23 11:16 Hrs IST

The contract involves expansion of State Data Center (SOC) and establishment of Disaster Recovery (DR) Center with 5 years of maintenance.

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.

Shares of RailTel Corporation of India rose 0.78% to Rs 103.10 on the BSE.

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