The company secured a Rs 37.18 crore contract from the Madhya Pradesh State Electronics Development Corporation for system integration, expansion of the state data center (SDC), and establishment of a disaster recovery (DR) center. The project is scheduled for completion by 27 June 2029.
Additionally, RailTel received a Rs 26.37 crore contract from the Cuttack Development Authority for setting up 14 units of a billboard system, including hardware, AMC, and command control support across various locations in Cuttack city. This project is expected to be completed by 11 July 2025.
RailTel, a "mini ratna (category-I)" central public sector enterprise, is one of the largest neutral telecom infrastructure providers in the country, owning a Pan-India optic fiber network covering several towns & cities and rural areas of the country.
RailTel Corporation of India reported a 4.68% rise in standalone net profit to Rs 65.05 crore on 14.85% jump in revenue from operations to Rs 767.62 crore in Q3 FY25 over Q3 FY24.
The counter tumbled 5.62% to end at Rs 281.20 on Friday, 28 February 2025.