City
Epaper

RailTel's FY20 consolidated income up 20 pc at Rs 1,243 crore

By ANI | Updated: April 24, 2020 16:45 IST

Mini-ratna public sector unit RailTel said on Friday it registered a consolidated income of Rs 1,243 crore in the financial year 2019-20, marking 20 per cent growth in the year-ago period.

Open in App
Mini-ratna public sector unit RailTel said on Friday it registered a consolidated income of Rs 1,243 crore in the financial year 2019-20, marking 20 per cent growth in the year-ago period.

"While the telecom market has been posing negative growth for the past few years, RailTel not only managed to stay profitable but also recorded significant growth over the years," it said in a statement.

The net worth of the company has also grown steadily and consistently. The company maintained a steady profit and has been consistently paying dividends to the Ministry of Railways.

RailTel is also one of the consistently profit-making telecom PSU despite gloomy market conditions, it said.

With a strong network of 55,000 route kilometres of optic fibre, RailTel has two tier-three data centres to provide countrywide broadband telecom and multimedia network in addition to modernisation of train operations and administration of network systems for Indian Railways.

( With inputs from ANI )

Tags: Ministry Of RailwaysRailtel
Open in App

Related Stories

MumbaiDelhi-Mumbai, Delhi-Howrah Rail Lines to Hit 160 kmph as Expansion Projects Advance

NationalMinistry of Railways introduces 25 pc discount on AC chair car, executive classes on low-occupancy routes with immediate effect

InternationalRailways introduces discount scheme in AC sitting trains

PoliticsKejriwal approves construction of new maintenance shed for Vande Bharat Trains

NagpurFaiz, Wadkar hit centuries as Vidarbha on verge of victory

Business Realted Stories

BusinessDefence Ministry gives nod for military hardware worth Rs 67,000 crore to beef up armed forces

BusinessTorrent Power clocks 24.7 pc drop in net profit, revenue falls 12.5 pc

BusinessIndia-US "actively" discussing agriculture sector for bilateral trade agreement: MoS Ramnath Thakur

BusinessTrump claims India will offer zero tariffs, but US will put higher tariffs in 24 hours for Russian oil trade 

BusinessAmruta Rao From Black & White Broadcasts to National Award Glory: Veteran Newsreader-Turned-Producer Triumphs with ‘Shyamchi Aai’