RailTel secures orders worth Rs 11.99 cr from Cotton Corporation

Miniratna public sector undertaking (PSU) Railtel Corporation of India (RailTel), under the Ministry of Railways, has received an order worth Rs 11.99 crore from the Cotton Corporation of India Ltd, a PSU under the Ministry of Textile. Railtel, in a regulatory filing in the stock exchange, said that it has received an order from Cotton Corporation of India for hiring on-cloud data centre hosting for hardware and software along with the migration of oracle E-Business Suite (EBS) and other applications. According to the PSU, the total cost for the five-year project is Rs 11.99 crore. Earlier in April, RailTel had bagged an advance purchase order from Bharat Sanchar Nigam Ltd (BSNL) to commission point-to-point links for a period of one year and further extendable by two years. In February, RailTel launched its initial public offering (IPO), which was subscribed by 42.39 times. The issue opened for bidding on February 16 and closed on February 18. The price band for the IPO was set at Rs 93 to Rs 94 per share. RailTel is a miniratna PSU under the Ministry of Railways. It is an Information and Communication Technology (ICT) provider and one of the largest neutral telecom infrastructure providers in India, owning a pan-India optic fibre network on exclusive Right of Way (ROW). Image Source