RailTel records 20% growth in consolidated income in FY 19-20 despite COVID-19 crisis


NEW DELHI: RailTel, RailTel Corporation, a ‘Mini Ratna (Category-I)’ PSU, has registered a consolidated income of Rs 1243 Cr (provisional and Unaudited) in the Financial Year 2019-20. 

This is a growth of 20% over final yr’s income which is a major achievement. It is value mentioning that growth occurred despite strain on margins resulting from intense competitors in the Telecom market, the corporate stated in an announcement. 

While the telecom market has been posing destructive growth for the previous few years, RailTel has not solely managed to remain worthwhile but additionally recorded important growth over time. 

The internet value of the corporate has additionally grown steadily and constantly. The firm has maintained a gradual revenue and has been constantly paying dividends to the Ministry of Railways. RailTel can also be one of many constantly profit-making telecom PSU despite the gloomy market situations.

The FY 19-20 has been difficult in addition to rewarding for RailTel. RailTel has been featured in Fortune Magazine’s Next 500 record of the Top midsize firms working in India. 

The Fortune journal record is a prestigious rating which is taken into account to be an goal record of firms doing exceptionally effectively and contributing positively in the growth of the nation. 

Apart from RailTel, the one different Railway PSU that includes in this record is IRCTC.

About RailTel

RailTel Corporation a “Mini Ratna (Category-I)” PSU is likely one of the largest impartial telecom companies suppliers in the nation proudly owning a Pan-India optic fiber community protecting all essential cities & cities of the nation and several other rural areas. 

Along with a robust a dependable community of 55000+ RKM of Optic fiber, RailTel has two-tier III knowledge facilities as effectively, RailTel is on the forefront of offering nationwide Broadband Telecom & Multimedia Network in all components of the nation in addition to modernization of Train operations and administration of community methods for Indian Railways. 

With its Pan India excessive capability community, RailTel is working in direction of making a information society at numerous fronts and has been chosen for implementation of assorted mission-mode Govt. of India initiatives in the telecom subject. 

RailTel gives a bundle of companies like MPLS-VPN, Telepresence, Leased line, Tower Co-location, Datacenter companies, and so on, RailTel is a pioneer in remodeling Railway stations into Digital hub by offering public Wi-Fi at main Railway stations. Currently, 5660 stations are dwell with RailTel’s RailWire Wi-Fi.

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