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

New study tracks heat wave; exposes dangerous trends in big cities

An unprecedented heat wave has been enveloping Indian cities, worsening the urban heat island effect, this summer. A new analysis by Centre for Science and Environment (CSE) says there are far deeper and longer term evidences on the nature of this changing trend that is impacting the biggest cities of the

Phase 6: Voter turnout 59.06% at 7:45 PM

Polling in the sixth phase of General Elections 2024 which commenced across 58 PCs recorded an approximate voter turnout of 59.06% as of 7:45 pm Saturday. In spite of hot weather in certain parts of the country, voters were undeterred in their enthusiasm as they were seen queuing up patient

Banks not adhering to RBI guidelines, finds study

Banks across India are levying inconsistent service charges on basic savings accounts. A study, “Benchmarking Reasonableness of Service Charges by Banks in India”, uncovers and exposes inconsistencies in adherence to RBI mandates by banks. It finds some banks impose charges exceeding reasonable

“Mumbai Infra boom similar to that of Manhattan in 19th C”

Mumbai’s ongoing infrastructure boom – with a new coastal road, Atal Setu, metro lines and much more – creating transport corridors – is comparable to that of Manhattan in New York during 1811-1870, according to BMC commissioner Bhushan Gagrani. The iconic projects being implemented

Global Gandhi: How the Mahatma captured the world’s imagination

Gandhi’s Australia, Australia’s Gandhi By Thomas Weber Orient BlackSwan, 348 pages, Rs 1,800  

Urban apathy in Mumbai, Maharashtra sees 49% voting

Polling in the fifth phase of General Elections 2024 which commenced at 7 am on Monday simultaneously across 49 PCs recorded an approximate voter turnout of 57.47% as of 7:45 pm. Voters came out in large numbers braving hot weather in many parts of the states that went for polls on Monday.

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter