RailTel celebrates foundation day on profitable note

Company told to take proactive steps towards expanding its network

GN Bureau | September 25, 2015


#railways   #railtel   #suresh prabhu  

Celebrating its 16th foundation day on Wednesday, government-run RailTel’s chief said that the company earned revenue of Rs 555 crores in the previous financial year.

RK Bahuguna, RailTel chief and managing director, said that the company managed to float profitably with “gross margin of Rs 256 crores”, even in a  competitive environment of the telecom industry.

Also present at the event held at FICCI auditorium railway minister Suresh Prabhu highlighted the prospects of RailTel in contributing to the Digital India initiative of the BJP-led NDA government.

He said, “RailTel with its 45, 000 kms optic fibres network connecting    4, 400 railway stations can play a major role in providing connectivity even in rural areas through its broadband service.”

Established in the year 2000, RailTel has provided services including broadband network, Railwire, video conferencing service, Telepresence across Indian railway network.

Offering praises, state minister for Railways Manoj Sinha said the company has been “effectively working towards fulfilling the target of providing wifi at 700 stations.”  Adding that the company should take more “proactive steps” towards expanding its network in railways, he said, “projects like mobile train radio communication, train management system, etc. shall help in improving the trains operations.”

The southern region of Indian railway was conferred with the “Best Region Award’ for its overall performance.

Comments

 

Other News

“Key milestones achieved in Assam”

In an interview with Governance Now, Anil Kumar Jha, special DGP, CID, Assam, who is also nodal officer for the CCTNS project, speaks of what the system in its present form has helped his state achieve. What is the current status of CCTNS in Assam and its outcome?

Crime tracking project: Bugged from the beginning

A stand-off between the ministry of home affairs (MHA) and software development firm Wipro seems to have long held up the Rs 2,000 crore crime and criminal tracking network and systems (CCTNS) project, conceptualised ten years ago. The project aims to digitise and connect all police stations in the country

Activists question displacement and dispossession of marginalised communities

Questioning the development model pushed ahead for profit oriented growth, social and political activists, academicians, financial analysts and civil society organisations are holding a three day confluence of Peoples’ Convention on Infrastructure Financing in Mumbai.     &nb

The enemy within

About one-fourth of India’s elderly face abuse at the hands of those they trust the most – the son (52%)  followed  by the daughter in law (34%),spouse/partner (14%), daughter(6%)  grandchild (6%), son in law(3%), parent(1%) and care giver(1%), reveals a report by the HelpAge Ind

Who has been investing in India through Mauritius?

The official statistics provided by the department of industrial policy and promotion (DIPP) under the ministry of commerce and industry shows that between January 2000 and December 2017, India received $368 billion of foreign direct investment (FDI). It also says that Mauritius was the source of $125 bill

The neighbour and the valley

The declaration communicated through the director general of military operations (DGMO) of Pakistan and India on May 29, 2018, to implement the ceasefire agreement of 2003 between the two countries in “letter and  spirit” has opened up an opportunity to restore peace in the disturbed Kashm

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter