RailTel FY20 consolidated income surges 20% at Rs 1,243 cr; says company registers major growth despite negative growth in market

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

|Apr 24, 2020, 18:28:23 IST

New Delhi: 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 percent growth in the year-ago period.[caption id="attachment_1960261" align="alignleft" width="380"]

Representational image. Reuters[/caption]"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.

India remains among fastest-growing major economies despite global uncertainty, says RBI Bulletin

RBI says industrial and services activity stayed resilient through June, while strong trade, stable external sector and improving foreign investment continue to support economic growth.

1 min read

Iran war could cut global growth by more than half: World Bank’s chief economist Indermit Gill

Prolonged US-Iran conflict could fuel inflation, push up borrowing costs and deepen debt distress across developing economies, says Indermit Gill

2 min read

Brent crude climbs to $94 as analysts expect oil prices to stay in $90–100 range

Rising US-Iran tensions and tight OPEC+ supply have pushed crude to a five-week high, but experts believe prices are unlikely to sustain a rally beyond $100 without a major supply disruption.

1 min read

UK inflation cools further to 2.6% in June as transport and food prices ease

Softer price growth in transport and food categories helps push headline inflation lower, while core inflation remains sticky.

1 min read

India's gem and jewellery exports jump 26.5% in June on stronger global demand

Lower gold prices, healthy overseas demand and rising exports of gold jewellery, diamonds and lab-grown diamonds drive sharp recovery in June

1 min read

Up Next

RailTel FY20 consolidated income surges 20% at Rs 1,243 cr; says company registers major growth despite negative growth in market

Tags

India remains among fastest-growing major economies despite global uncertainty, says RBI Bulletin

Iran war could cut global growth by more than half: World Bank’s chief economist Indermit Gill

Brent crude climbs to $94 as analysts expect oil prices to stay in $90–100 range

UK inflation cools further to 2.6% in June as transport and food prices ease

India's gem and jewellery exports jump 26.5% in June on stronger global demand