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RailTel Corp gains on securing order worth Rs 23 cr

RailTel Corporation of India rose 1.72% to Rs 144.85 after the company received a five-year deal worth Rs 23.43 crore from Sagar Cable Network for providing multicast drop and carry with 1.5G capacity at 66 locations. RailTel Corporation of India s consolidated net profit jumped 19.4% to Rs 27.21 crore on 9.5% increase in net sales to Rs 429.82 crore in Q4 March 2021 over Q4 March 2020. RailTel, a Mini Ratna (Category-I) Central Public Sector Enterprise is an information and communications technology (ICT) provider and one of the largest neutral telecom infrastructure providers in the country owning a pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track. The Optical Fibre Cable (OFC) network covers important towns & cities of the country and several rural areas. As of 31 March 2021, the Government of India held 72.84% stake in the company.

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RailTel Corp gains on securing a order

RailTel Corporation of India rose 1.34% to Rs 143.70 after the company received a work order amounting to Rs 16.99 crore from Central Mine Planning & Design Institute. The contract entails providing MPLS-VPN connectivity for implementation of ERP and TPASS services for HD Video Conferencing facility for a period of 5 years on rental basis. RailTel Corporation of India s consolidated net profit jumped 19.4% to Rs 27.21 crore on 9.5% increase in net sales to Rs 429.82 crore in Q4 March 2021 over Q4 March 2020. RailTel, a Mini Ratna (Category-I) Central Public Sector Enterprise is an information and communications technology (ICT) provider and one of the largest neutral telecom infrastructure providers in the country owning a pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track. The Optical Fibre Cable (OFC) network covers important towns & cities of the country and several rural areas.

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