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RailTel Corporation of India Ltd. is an Indian Navaratna Public Sector Undertaking (PSU) which provides broadband and VPN services. RailTel was formed in September 2000 with the objective of creating a nationwide broadband, telecom and multimedia network, and to modernise train control operation and safety system of Indian Railways .
RITES Ltd, formerly known as Rail India Technical and Economic Service Limited, is an Indian public sector undertaking and engineering consultancy corporation, ...
In December 2019, the Ministry of Railways was considering a proposal to merge CRIS' operations with RailTel Corporation of India Ltd. [3] However, the proposal has been shelved for the time being. E-Procurement System provides a secure, fair and transparent method of materials procurement through a web-based interface.
Virgin Mobile India / T24 Mobile: 2009 [21] 2015 Merged into Tata Docomo [22] Singtel: 2009 2017 Acquired by Reliance Communications Videocon Telecom: 2010 [23] 2016 Shut down following sale of spectrum to Bharti Airtel [24] [25] MTS India: 2009 2017 Acquired by Reliance Communications [26] Aircel: 1999 2018 Bankrupt [27] Telenor India: 2006 2018
The company offered a 12% stake at a price range of ₹ 17-₹ 19 per share. [5] [6] The IPO was subscribed 1.78 times by close on 3 April earning ₹ 481 crore (US$56 million). [7] RVNL was listed on the Bombay Stock Exchange and the National Stock Exchange on 19 April 2019. [8]
The company launched its initial public offering on 18 January 2021 [7] and got listed on the National Stock Exchange of India and Bombay Stock Exchange on 29 January 2021. Operations [ edit ]
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In 1995, company's ₹85,000 crore ($25 billion) bid for basic services license in India created the momentum for telecom industry in the country. [ 13 ] In 2000, Australian businessman Kerry Packer known for his contribution to the sport of cricket , invested in the company and took 10% stake.