The Board of Directors of Railtel Corporation at its meeting held on Monday, March 22, 2021, has declared Interim Dividend of Rs 1 per equity share. The Board Meeting commenced at 17:40 Hrs and concluded at 19:45 Hrs.
Railtel Corporation Quarterly Result
RailTel Corporation of India on Monday reported a 60.4% rise in its consolidated net profit at ₹69.6 crore for the quarter ended 31 December, 2020. The company had reported ₹43.23 crore in the year-ago period. The revenue from operations was up 52% per cent to ₹410.6 crore as against ₹270 crore in 31 December, 2019, the company said in a regulatory filing.
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Railtel Corporation Dividend Record Date
The company in its letter has informed the exchanges that it has fixed April 5, 2021 as the Record date. In addition, the declared dividend will be paid after April 10, 2021.
Moreover, to receive dividend, you must have shares in your demat account on record date. Hence, you should buy shares before ex-dividend date. Note – If you buy shares on ex-dividend date, you will not be eligible to receive dividend. Bookmark our website for latest and upcoming dividend announced by companies in 2021.
Above all, here is the copy of statement, the company has sent to the exchanges:
We wish to inform you that the Board of Directors of Railtel Corporation at its meeting held today i.e. Monday, March 22, 2021 have declared an interim dividend at the rate of 10% of paid-up share capital (Rs. 1/- per share). Further, the Board of Directors have also fixed Monday, 5th April, 2021 as the “Record Date” for the purpose of payment of dividend.
Important Dates
- Company – Railtel Corporation
- Script Name – RAILTEL (NSE) and 543265 (BSE)
- Dividend Amount – 1 Rs Per Share
- Dividend Type – Interim
- Ex-Dividend Date – 31 March 2021
- Record Date – 5 April 2021
- Payment Date – After April 10, 2021.
Also, you can find more information about Railtel Corporation on National Stock Exchange and Moneycontrol – RailTel Corporation of India Ltd. is a “Miniratna” (public sector) enterprise of Government of India focusing on providing broadband and VPN services. RailTel was formed in September 2000 with the objective of creating nationwide broadband, telecom and multimedia network, to modernize train control operation and safety system of Indian Railways.
