RailTel surges on partnering with CloudExtel
Railtel Corporation Of India is currently trading at Rs. 97.55, up by 0.50 points or 0.52% from its previous closing of Rs. 97.05 on the BSE.
The scrip opened at Rs. 97.10 and has touched a high and low of Rs. 98.05 and Rs. 97.10 respectively. So far 12328 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 153.90 on 20-Sep-2021 and a 52 week low of Rs. 84.00 on 31-Mar-2022.
Last one week high and low of the scrip stood at Rs. 98.05 and Rs. 94.55 respectively. The current market cap of the company is Rs. 3132.36 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 4.38% and 22.78% respectively.
RailTel Corporation of India and CloudExtel have partnered together to launch India’s first Shared Radio Access Network (RAN) solution for congested locations with the objective of enhancing telecom users’ experience.
RailTel and CloudExtel carried out the successful pilot of this project in partnership with Bharti Airtel, Vodafone Idea, Nokia, and the Telecom Infra Project (TIP)’s NaaS Solutions Group, with vital support from the Railways, in one of the most network stressed locations namely Mumbai Central railway station. The outcomes of the pilot project have been impressive with 5 times increase in average user speed of mobile data (from 3 Mbps to 15 Mbps) for the mobile phone networks of both Bharti Airtel and Vodafone Idea, while the data consumption jumped up by 20%.
RailTel Corporation a ‘Mini Ratna (Category-I)’ PSU is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track. The company provides broadband telecom and multimedia network across the country.