In a recent development, Miniratna PSU RailTel Corporation of India Limited (RailTel) operating under the Ministry of Railways, held its 24th Annual General Meeting (AGM) via video conferencing. The said meeting was chaired by RailTel’s Chairman and Managing Director (CMD), Mr. Sanjai Kumar, who presented the company’s Annual Report for the financial year 2023-24.
Many other officials of the PSU joined the AGM including Mr. V Rama Manohara Rao (Director of Finance), Mr. Manoj Tandon (Director of Project, Operations & Maintenance), and Mr. Yashpal Singh Tomar (Director of Network Planning & Marketing), along with government nominee directors and independent directors.
During the AGM, the company’s shareholders approved the payment of an interim dividend for the financial year 2023-24 and declared a final dividend of Rs 1.85 per share, which represents 18.5% of the company’s paid-up share capital.
Mr. Sanjai Kumar highlighted that RailTel had achieved a total income of Rs 2,622 crores and a profit after tax (PAT) of Rs 246 crores for the year ending March 31st — a 31% surge in both revenue and profits compared to the previous fiscal.
