Small Cap PSU Miniratna Stock Declared Dividend, Soon To Trade Ex-Dividend, Check Record Date

RailTel Corporation Of India Ltd., a PSU Miniratna stock, declared the interim dividend for the FY 2022-23 along with Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended on 31st December 2022. The company operates in the Telecommunications sector having a market capitalisation of Rs 3,694 crore. It is a small-cap PSU Stock. Check below to know more:

Railtel Corporation of India Ltd's Stock Performance In 5 Years

The stock of RailTel Corporation of India declined 7.66% and closed at Rs 115.10 apiece on BSE. Its previous close was 124.40 apiece. The stock's recorded 52 week low is Rs 84 apiece and 52 week high is Rs 148.70 apiece, respectively. The stock was listed on 26 February 2021.

Its share price has fallen 5.15% since the date of its listing. In the past 1 week, it has fallen 7.59% and in the past 1 month, it has fallen 9.19%, respectively. However, it gained 0.39% in 3 months and 0.48% in the past 1 year.

Railtel Corporation of India Ltd Declares Interim dividend

According to Railtel Corporation of India Ltd's regulatory filing to BSE on January 31, 2023, "Pursuant to Regulation 30 and 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Board of Directors has declared the interim dividend of FY 2022-23 at the rate of 15% of paid-up share capital (Rs. 1.50 per share). Further, the Board of Directors has also approved Wednesday, 08th February, 2023 as the "Record Date" for the purpose of payment of interim dividend of FY 2022- 23."

About the Company

RailTel, a "Mini Ratna (Category-I)" Central Public Sector Enterprise (CPSE) is an ICT provider and one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network. The OFC network covers important towns & cities of the country and several rural areas.

RailTel was incorporated on September 26, 2000, with the aim of modernizing the existing telecom system for train control, operation, and safety and to generate additional revenues by creating nationwide broadband and multimedia network, laying optical fiber cable using the right of way along railway tracks. Presently, the optic fiber network of RailTel covers over 61000+ route kilometers and covers 6108+ railway stations across India. Our citywide access across the country is 21000+ kms.

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