Mini Ratna RailTel Corporation of India said it has received a work order from the department of revenue and disaster management of the government of Puducherry for design, develop, supply, install, test, commission, and operations and maintenance for five years of Integrated Command Control Centre (ICCC) and other associated activities for Puducherry Smart City.
NEW DELHI: Mini Ratna RailTel Corporation of India, which is among the largest neutral telecom infrastructure providers in India, is hitting the market with an Rs 820-crore initial public offer (IPO) on Tuesday.
The last railway IPO that hit the Street of IRFC had a weak market debut. But grey market trends suggest investors are betting big on the forthcoming offering.
A wholly-owned government subsidiary under the administrative control of the Ministry of Railways, RailTel offers a diversified portfolio of services and solutions. As of Jan. 31, it had exclusive rights over 67,415 route kilometers, connecting 7,321 railway stations, for laying optical fiber cable. The company offers a high capacity bandwidth of up to 800G at 87 locations in India.