Railtel Corporation of India Ltd

As India accelerates toward a digital future, RailTel stands as the trusted technology partner for inclusive and sustainable growth.

It gives me great pleasure to address you at the Annual General Meeting of RailTel and to present the 25th Annual Report of our company. This year holds special significance for your company as we not only celebrate our Silver Jubilee but have also been granted the prestigious Navratna status by Govt of India. Achieving Navratna recognition is a key milestone as we are now part of the elite group of handful CPSEs in India. Over the past few years, your company has evolved from being an in-house telecom service provider for Indian Railways to becoming a trusted name in Telecom, Signalling, IT, and ICT services. With a market capitalization of over Rs.13,000 crore and continued investor confidence, we are focused on further strengthening our presence and expanding our offerings.

Today, our network spans more than 63,000 route kilometers of high-capacity optical fiber along railway tracks, supported by over 21,000 kilometers of access networks across cities. This infrastructure is complemented by certified TIER III data centers, a MeitY-empanelled cloud platform (RailCloud), and advanced Security and Network Operation Centres. With a workforce of over 800 skilled professionals and a planned capital investment of approximately Rs 241 crore in FY 2025-26, we are well-positioned for the next phase of growth.

Results & Progress

In FY 2024-25, your company recorded its highest-ever operating revenue of 3,478 crore, marking a 35% year-on-year growth. Our Profit Before stood at Rs.402 crore, and Profit After Tax at 300 crore. These figuresunderline our strong and consistent financial performance. We are proud to be among the few profit-making and dividend-paying telecom CPSEs. Our financial performance is up to the mark with our MoU target with Department of public enterprises. Infact, we are outperforming each year which is a matter of pride for us. Due to our excellent performance, DPE has set even a higher target for the year FY 25-26 and which I am sure to achieve as well. The telecom segment contributed 1,363 crore, while the project segment added Rs. 2,115 crore. In line with our obligations, we paid Rs.100 crore to the Department of Telecommunications and will pay

Rs. 42.35 crore as revenue share to Indian Railways for FY 2024-25. An interim dividend of Rs. 2 per share was also paid for FY 2024-25, which amounts to 20% of the paid-up share capital. Earnings per share for the year stood at Rs. 9.34.

Data Centre and Cyber Security

In the area of data centres and cybersecurity, we are expanding our capabilities. RailTel has partnered with M/s Techno Electric & Engineering Company Limited to develop Edge Data Centres at 102 locations. We have already begun the work of setting up these Edge Data Centres. Additionally, your company is working to establish a state-of-the-art 10 MW data centre in Noida through a private investment partnership. Recognizing the immense opportunities in the data centre sector, we have also signed MoUs with private entities like Anant Raj, L&T etc. to jointly offer Data Centre Colocation and Managed Services to RailTel's customers. In the cybersecurity domain, we are addressing the rising threats that come with digitalization. Our Security Operation Centre is central to our cybersecurity strategy.

Digital transformation for Indian Railways

RailTel has been instrumental in the digital transformation of Indian Railways through a range of impactful initiatives. It implemented NIC e-Office in 236 railway units, streamlining administrative functions and enhancing transparency. RailTel has also provided free high-speed Wi-Fi at over 6115 stations, including remote and rural areas, significantly boosting digital inclusion. To modernize healthcare, it rolled out the Hospital Management Information System (HMIS) in 709 railway hospitals, enabling electronic health records, teleconsultation, and integration with the Ayushman Bharat Digital Mission. Additionally, RailTel is implementing the work of installing IP-based video surveillance systems at more than 5,000 stations, strengthening the overall security infrastructure.

Railway Signalling & Communication

RailTel, with its deep expertise in Signalling and communication, has been carrying out important projects to modernize train operations and improve safety. One of the most significant projects we are currently undertaking is the implementation of Kavach, the indigenous Automatic Train Protection system.Wehavebeenawarded2worksfordeploying Kavach covering 1109 route kilometres track of East Central Railway. We are going to actively participate in all feasible Kavach tenders going forward.

We are also making significant progress in tunnel communication and working on several projects across crucial sections of Indian Railways. I am proud to share that we have successfully implemented the tunnel communication system for the Katra–Banihal section—an extremely challenging terrain that connects the Kashmir valley to the rest of the country. This section now carries the prestigious Katra–Srinagar Vande Bharat train, inaugurated by the Hon?ble Prime Minister. It was a proud moment for all of us at RailTel.

Another key focus area is the upgrade of railway communication systems. We have secured a project to develop the complete ground infrastructure for 4G LTE over 523 route kilometres in the Secunderabad Division of South-Central Railway. Additionally, we are working on several electronic interlocking works in Northern Railway, East central railway, South Eastern Railway to upgrade the existing signalling system. We are also working on Automatic Block signalling projects in several divisions across South central Railway. The double-distant signalling work in Northern railway is another signalling project that we are working on.

We have also been entrusted with creating a unified communication infrastructure across Western

Railway. This includes deploying IP-MPLS LANs, a modern VoIP exchange, and IP-based control communication systems, along with replacing the outdated UTN network. We are also implementing the Unified Comm. Infra. comprising LAN Infra, IP exchange, VOlP based control comm and IP-MPLS based network over Eastern Railway. One similar system is under completion in South Western Railway.

All these initiatives clearly reflect RailTel?s growing role in the core infrastructure development of Indian Railways.

RailWire – RailTel's Home internet solution

Our retail broadband service RailWire serves more than 5.75 Lakh subscribers through successful partnerships with more than 11,000 partners. RailWire generated revenue of approx. Rs. 341 crores in FY 24-25. We are now focussing on making our

OTT bundled plan very affordable to attract more and more subscribers. We have tied up with Playbox

TV for OTT aggregation and offering OTT bundled

RailWire plans to 67000+ customers, which includes most of the premium OTTs. The newly launched OTT platform ‘WAVE? of Prasar Bharti (implemented by RailTel) is also being offered with RailWire. We have also tied up with Dish TV to offer DTH bundled plan to subscribers.

Sectoral footprint

Apart from our stronghold in the Railways sector, your company has built a significant presence across a wide array of other domains including Information Technology, Defence, Health, Mining, Coal, Banking, Smart Cities, Insurance, and several others. As of now, we maintain a robust order book with a total value exceeding Rs. 7288 crores, which reflects our consistent success in securing high-value projects, primarily through open tendering processes. In the financial year 2024 25 alone,

RailTel secured fresh work orders amounting to 3,146.6 crore. These achievements are a testament to RailTel?s sharp competitive edge and its ability to perform and deliver even in the most demanding and challenging circumstances.

Business Beyond Borders

RailTel, with its aim to go Global, is actively seeking business opportunities in South Asian, African and Caribbean countries. Our experience and expertise in supporting Digital Transformation journey of India not only for Indian Railway but also for other important sectors positions us well for similar opportunities in developing and underdeveloped nations. RailTel has started its international journey with a project involving supply, installation, testing and commissioning of Electronic Cricket Score Boards in Sabina Park Cricket Stadium, Kingston, Jamaica funded by Govt of India. The work was awarded to

RailTel by Ministry of External Affairs, and the Score

Boards have now been commissioned. RailTel is under active consideration of Ministry of External

Affairs for selection as a Project Implementation

Agency for a Data Centre project in Ethiopia. RailTel has signed a tripartite Memorandum of Understanding (MoU) with InoviTel (PTY) LTD and

Tsiko Africa Energy & Infrastructure of Tsiko Group to help bring Indian technology to South Africa. This collaboration will focus on key areas like Telecom, Railways and IT/ICT businesses.

Besides above, RailTel is considering participation in a no. of international competitive in Srilanka, Kenya, Nepal etc. RailTel is also exploring opportunities in other Carribean countries like Trinidad & Tobago, Guyana etc.

Human resource

Our employees are the foundation of our company?s success. We regularly organize training programs in key functional areas such as Cyber Security, Artificial Intelligence for Business, Public Procurement, Finance, and Human Resource Management. As part of our collaboration with Microsoft, a comprehensive upskilling initiative is underway to train RailTel employees in cloud and AI technologies. The entire workforce is currently undergoing this program, which is already resulting in measurable improvements in productivity.

Awards & Accolades

In the financial year 2024-25, RailTel was honored with prestigious awards from leading institutions, including the Economic Times Government Awards, Financial Express, and Governance Now. We have also won the Railmantri Rajbhasha Trophy for promoting the use of Hindi in official work. We have also received an "Excellent" rating from the Department of Public Enterprises in the MOU evaluation for FY 2023-24. These recognitions reflect the high standards and impactful work delivered by the company in various domains.

Corporate Governance

RailTel remains committed to the principles of strong corporate governance. To ensure proper oversight and decision-making, we have constituted various board-level committees such as the Audit Committee, CSR Committee, Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Risk Management Committee. We fully comply with the guidelines issued by the Department of Public Enterprises and other regulatory authorities. Our operations are also aligned with national initiatives such as the Make in India program.

Corporate Social Responsibility

Our CSR efforts are focused on priority areas such as healthcare, nutrition, education, women?s economic empowerment, and environmental sustainability. In FY 2024-25, the company allocated Rs. 5.73 crore CSR initiatives. A key program under this portfolio is the Akansha Super-30 initiative, which provides free coaching to underprivileged students preparing for engineering entrance examinations. We have also supported Adruta Home(boys), Bhubaneswar, Odisha, which is dedicated to providing shelter, education, and a nurturing environment to around 50 abandoned, parentless, and destitute children. Through this endeavor, we aim to empower these young lives to grow into exceptional individuals. Our other CSR initiatives include support for cancer patients and programs aimed at empowering women. Through these initiatives, RailTel aims to create lasting social value and contribute meaningfully to community development.

Acknowledgement

I would like to take this opportunity to express my sincere appreciation to all our stakeholders. I extend my heartfelt gratitude to our shareholders, the members of our Board of Directors, the Chairman and CEO of the Railway Board, and the officials of the Railway Board, Zonal Railways, Ministry of Railways, Department of Telecommunications, Ministry of Electronics and Information Technology, and other government bodies and regulatory authorities. Your continued guidance, support, and cooperation have been critical to our progress. I would also like to convey my deepest thanks to the RailTel team. It is their relentless commitment, hard work, and professionalism that have allowed the company to reach new milestones. Looking ahead, we reaffirm our commitment to sustained growth, operational excellence, and delivering value to all our stakeholders. With your support, we are confident in our journey toward an even more impactful and successful future.

Jai Hind.