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Why Subscribe to RailTel IPO?
Railtel Corporation of India (RailTel), a Mini Ratna (Category-I) Central Public Sector Enterprise, having pan India optical fiber network of 59,098 route KM (18,000 KM in cities), offers Telecom services and also undertakes Projects (System Integration Services).
Railtel, having strong backing from Government of India (GoI), stands to gain from securing projects from GoI and PSUs on nomination basis.
As per the management, the value of orders that it is currently working on is ~`4,000 cr which provides good growth visibility.
As of January 31, 2021, it had exclusive right of way along 67,415 route kilometers connecting 7,321 railway stations for laying optical fiber cable.