Tuesday 21st May 2024

RailTel declares Interim Dividend

Jan 10th, 2022 7:24 pm | By | Category: LATEST NEWS

Puneet Chawla,
RailTel Corporation limited.

Board of Directors of the RailTel Corporation of India Ltd. (RCIL), a Central Government PSU under Ministry of Railways at its meeting held today i.e. on 10th January, 2022 has declared an Interim Dividend at the rate of 17.5% of paid-up share capital (Rs. 1.75 /- per share) for the FY 2021-22. The total pay-out of the dividend is Rs.56 Crore approximately.

Further, the Board of Directors has also approved, 21st January, 2022 as “Record Date” for the purpose of payment of Interim Dividend of FY 2021-22.

Talking about it, Puneet Chawla, CMD, RailTel said, “RailTel continues to be a profitable company since FY 2006-07. Despite the challenge posed by Covid pandemic, RailTel managed to make rapid growth and recorded its highest ever consolidated income in FY 2020-21 of Rs.1411 Crore, a growth of 21% and achieving a Compound Annual Growth Rate (CAGR) of 16.6% over the past 3 years. With multiple multi-Crore orders, RailTel currently has a healthy order book of Rs. 5300 Cr. The company is constantly expanding its existing business and constantly exploring new areas and activities to widen its profile. We are glad to share the profit with our shareholders in the form of Dividend. Our endeavor is to continuously enhance shareholder value through sustained good performance.”

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