Sunday 14th April 2024

RailTel posts Consolidated Income of Rs. 315 Crore in Q1 of FY 21-22 Co’s Consolidated income grew by 21% Y-o-Y

Aug 12th, 2021 8:46 pm | By | Category: SPECIAL NEWS COVERAGE

Puneet Chawla,
CMD
RailTel Corporation limited.


(THE NEWSMAN OF INDIA.COM)
In its 125th board meeting held on 12.08.2021 RailTel announced consolidated income of Rs.315 Crore in the Q1 of FY 21-22 thereby registering a growth of 21% over consolidated income of Rs. 261 Crore in the first quarter of FY 20-21. With this, RailTel has posted a Profit before tax amounting to Rs.28 Crore and Profit after tax of Rs.21 Crore during the first quarter of Financial Year 2021-22 on consolidated basis.

Talking about the future prospectus of the company, Puneet Chawla, Chairman and Managing Director of RailTel said, “Despite the 2nd wave of Covid 19 pandemic hitting the country hard, we have maintained the momentum and posted a substantial growth in Q1 income as compared to similar period of FY20-21. Our Retail broadband Service- Rail Wire has reached 4 lakh customers across India, demand for HD videoconference, Data Centre, IBW, VPN services is growing which is a great news for us. Right now, apart from Railways our focus is on the Heath, Education and Defense sectors. We are also providing IoT, AI based solutions to clients. We are on right track of posting higher revenue growth this year as well.”

About RailTel
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. Along with a strong a reliable network of 60000+ RKM of Optic fibre , RailTel has two MeitY empaneled tier III data centers as well. With its Pan India high-capacity network, RailTel is working towards creating a knowledge society at various fronts and has been selected for implementation of various mission-mode projects for the Government of India in the telecom field. RailTel offers a bundle of services like, MPLS-VPN, Telepresence, leased line, Tower Co-location, Data center services etc. RailTel is also working with the Indian Railways to transform railway stations into digital hub by providing public Wi-Fi at railway stations across the country and total 6040+ stations are live with RailTel’s RailWire Wi-Fi.

Government News

Comments are closed.