Kolkata (KOAA): The telecom arm of Indian Railways, RailTel Corporation of India Limited, which is a Telecom PSU under Ministry of Railways is looking to double its turnover to Rs.1,000 crore in two years as the company expands into retail Broadband and Telepresence services.
“We are targeting Rs 1,000 crore revenue over the next two years from around Rs 550 crore in financial year 2014-15,” RailTel Chairman and Managing Director R K Bahuguna said last evening, who was present here to attend a seminar. In the meeting, Shri A.Seshagiri Rao, Director (Network Planning and Marketing), RailTel and Shri Pradeep Kumar Awasthi, Executive Director, RailTel (Eastern Region) was also present along with the other officials.
Bahuguna was in the city to showcase their latest product Telepresence – full HD Video Conferencing services available to Corporates and Government departments on a rental basis.
On the services, A.Seshagiri Rao, Director (Network Planning and Marketing) said: “We are targeting Rs 50 crore fees in the first year itself from Telepresence services itself.”
Bahuguna said enterprise business, projects and retail broadband would be the future growth drivers for the company, further adding that about 25 per cent of its revenue comes from enterprise connectivity fees from telecom companies, another 25 per cent from government including educational institutes, 15 per cent from cable multi-system operators (MSOs).
Indian Railways share, however, is just 10 per cent, while project execution business is also gaining momentum, he said.
Over the years, as telecom companies are building their own optical fibre cable (OFC) network, the state enterprise is trying to foray into new avenues such retail broadband and telepresence services. RailTel, which has about 45,000 km of OFC network across the country, will scale it up to 50,000 km by this fiscal. Retail broadband will be another focus, we have already launched ‘RailWire’ brand broadband in south and now we are looking for partners to launch it in Eastern Region, he further added.