RailTel to make money through IPO, disinvestment

After the successful public issue of Indian Railway Catering and Tourism Corporation (IRCTC), the Railways is now working on the disinvestment of RailTel, the most profitable telecom company under its aegis.

RailTel Corporation, a Category-I Mini Ratna PSU is one of the largest neutral telecom services providers in the country owning a pan-India optic fiber network on right to way along the railway track.

The company has created over 52,000 RKMs (route kms) of fiber network connecting over 4,500 cities or towns on the network including several rural areas. With this, the optical fiber network covers all important urban and rural areas, reaching out to 70% of the country’s population.