The RailTel announced its highest consolidated income of Rs. 11,660.05 million in its 20th AGM held on 28th October, 2020 through video conferencing.
This is a growth of 12.3% over consolidated income of Rs. 10,382.66 million in FY 18-19 said Puneet Chawla, Chairman and Managing Director of RailTel.
As approved by the shareholders, the total dividend pay-out for the firm would be an amount of Rs 680.60 million (interim and final) (including the Rs 200 million interim dividend) in the financial year 2020-2021.
As per Puneet Chawla, RailTel Chairman and Managing Director, RailTel, with its pan-India high capacity network, offers services such as MPLS-VPN, Tower Co-location, Leased line, Telepresence, data center services, etc. Also, during and post-lockdown, the PSU has seen a rise in demand for its High Definition (HD) video conferencing service, e-office, usage, bandwidth, etc.
Chawla further said, the COVID-19 pandemic crisis has thrown up new challenges and has preponed the investment cycle in communication and information technology space and the PSU intends to harness the same for its future growth. Due to people working from home and schools, colleges starting online classes because of the pandemic, the PSU’s retail broadband service- RailWire has seen a growth in subscribers,
He further shared on his vision to strengthen its network security with an aim to ensure better service to its clients, RailTel has created a RailCloud at its two-tier III certified Data Centres at Secunderabad and Gurgaon as well as a Security Operations Centre, Chawla added.
