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 >
Sun Life Names Timothy Deacon as Chief Financial Officer
Sun Life Names Timothy Deacon as Chief Financial Officer
Mar 25, 2024
08:20 AM EDT, 03/25/2024 (MT Newswires) -- Sun Life Financial Inc. ( SLF ) on Monday announced that it has appointed Timothy Deacon as Executive Vice-President and Chief Financial Officer, reporting to Kevin Strain, President and CEO, Sun Life, effective April 8. Deacon will become a member of Sun Life's global Executive Team. He succeeds Manjit Singh, who is now...
AtkinsRealis Secures Contract To Develop Hydrogen Hub In Quebec
AtkinsRealis Secures Contract To Develop Hydrogen Hub In Quebec
Mar 25, 2024
08:23 AM EDT, 03/25/2024 (MT Newswires) -- AtkinsRealis (ATRL.TO), formerly known as SNC-Lavalin Group Inc. ( SNCAF ), said Monday that it secured a contract from TESCanada H2 Inc. to provide front end engineering and design services for the Projet Mauricie green hydrogen hub in Quebec. The project will produce up to 70,000 tonnes per year of green hydrogen, which...
Regeneron's blood cancer therapy faces setback as FDA raises trial concerns
Regeneron's blood cancer therapy faces setback as FDA raises trial concerns
Mar 25, 2024
March 25 (Reuters) - Regeneron Pharmaceuticals ( REGN ) said on Monday the U.S. FDA has declined approval for its blood cancer therapy for two forms of lymphoma, raising concerns over the progress of ongoing confirmatory trials. In its so-called complete response letter (CRL), the U.S. Food and Drug Administration said it needed more data from enrollments in dose-finding and...
MNC Capital raises bid for Vista Outdoor to $3 bln
MNC Capital raises bid for Vista Outdoor to $3 bln
Mar 25, 2024
March 25 (Reuters) - Investment firm MNC Capital said on Monday it has raised its bid to acquire sporting and outdoor products maker Vista Outdoor ( VSTO ) to $3 billion from $2.9 billion. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved