RailTel Corporation of India is looking to grab possibilities in the field of cyber security. Sanjai Kumar, CMD of the business believes that RailTel is now emerging as a reliable system integrator as well as a trusted provider in this sector.
"One more possibility, which I see, is cyber safety and we are currently marking our existence in this section also," he claimed in a meeting with CNBC-TV18.
The firm presently has Wi-Fi readily available at 6,000 railway terminals throughout the country. RailTel has authorized a 5-year Wi-Fi monetisation agreement with a consortium led by 3i Infotech. According to the contract, this consortium will certainly pay Rs 14 crore annually or 40 percent of profits made to RailTel.
"After finding this partner, we are very much hopeful that they will not only provide us minimal warranty of Rs 14 crore per year yet will certainly be doing much better," he said.
Kumar likewise provided an upgrade on the firm's current order book, specifying that it stands at approximately Rs 4,700 crore.
He added that RailTel got orders near to Rs 500 crore in December-January and that the company has actually participated in several tenders.
Kumar kept in mind that there has been a pick-up in order wins as tenders are getting completed.
In addition, Kumar highlighted that the firm is seeing good momentum in initial equipment producers (OEMs). He stated that while orders have actually grabbed currently, they will certainly not translate right into FY23 profits. Kumar expects close to 20 percent profits growth for FY23 as well as the business will try to keep 20 percent profits development in FY24.