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RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways. It is a"Miniratna"PSE of the Government of India. At present, RailTel's network passes through around 6,000 stations across the country, covering all major commercial centers.
Railtel Corporation Of India Limited has announced the appointment of new statutory auditors, including Lunawat & Co., S C Ajmera & Co., S Poddar & Co., and MSPR & Co., to manage regional audits across the country.
Railtel Corporation Of India Limited has informed the Exchange regarding Change in Auditors of the company.
RailTel's LoA for the Himachal Pradesh MIS-Central Dashboard System project, valued at Rs. 20.35 Cr, has been cancelled. The Directorate of Higher Education cited financial non-viability and lack of funds. This is a setback for RailTel's order book.
RailTel's board addressed a fine from NSE for non-compliance with listing regulations concerning independent director appointments. The company clarified director appointments are controlled by the Ministry of Railways, not the company, and requested a waiver of the penalty.
Railtel Corporation Of India Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company