financetom
Business
financetom
/
Business
/
Big opportunities in tunnel communication system: Railtel Corp
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Big opportunities in tunnel communication system: Railtel Corp
Jan 11, 2022 6:52 AM

Anand Kumar Singh, director of finance at Railtel Corporation of India, on Tuesday, said that there are big opportunities in the tunnel communication systems.

He said, “In the current orderbook of Rs 5,300 crore, we have 5 orders of the tunnel communication system with a total cost of Rs 350 crore. Certainly, we are aggressively pursuing new orders and we hope to end the financial year (FY22) around Rs 6,000 crore.”

Also Read: J&K’s Zojila tunnel: Here’s ground report on India’s longest road tunnel

Talking about dividends, he said that the company always try to pay dividends higher than the minimum requirement. He said, “The dividend policy of the company is 30 percent of profit after tax (PAT) or 5 percent of net worth, whichever is higher.”

Also Read: By 2023 end, this tunnel in Maharashtra will be world’s widest

For the entire management interview, watch the video

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Magellan Financial hits highest in 22 months on earnings, partnership deal
Magellan Financial hits highest in 22 months on earnings, partnership deal
Aug 14, 2024
By Sherin Sunny Aug 15 (Reuters) - Shares of Magellan Financial Group ( MGLLF ) surged to their highest level in 22 months after the asset manager posted a 31% rise in its annual profit and announced a deal to buy a minority stake in an investment management firm. The stock rose as much as 11.2% to A$10.01 to its...
EY, KPMG benefit most from PwC China's regulatory woes
EY, KPMG benefit most from PwC China's regulatory woes
Aug 14, 2024
* PwC loses over 40 Chinese firms as audit clients * EY, KPMG each snare at least 12 companies from PwC * EY offers audit fee discounts to ex-PwC clients, sources say By Julie Zhu and Xie Yu HONG KONG, Aug 15 (Reuters) - Ernst & Young (EY) and KPMG have snapped up over half of PwC's corporate clients in...
PRESS DIGEST- Wall Street Journal - Aug 15
PRESS DIGEST- Wall Street Journal - Aug 15
Aug 14, 2024
Aug 15 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Warren Buffett's Berkshire Hathaway ( BRK/A ) took a stake in Ulta Beauty ( ULTA ) in the second quarter, while buying more shares of Chubb and Occidental Petroleum ( OXY...
PRESS DIGEST- New York Times business news - Aug. 15
PRESS DIGEST- New York Times business news - Aug. 15
Aug 14, 2024
Aug 15 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Mars, the company behind M&M's and Snickers, has agreed to acquire Kellanova ( K ), the snack food business spun off by Kellogg's ( K ) last year, in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved