Agreement between Ministry of Railways and RCIL

Question: Under a Memorandum of Understanding (MoU) signed between Rail Ministry and Indian RailTel Corporation Limited, RCIL has projected revenue of how many crore in the financial year 2018-19 from operations?
(a) 900 crores
(b) 1100 crores
(c) 1200 crores
(d) 1400 crores
Answer: (c)
Related Facts:

  • On May 22nd, 2018, Ministry of Railways and RailTel Corporation of India Limited(RCIL), a CPSE under the administrative control of the Ministry of Railways, signed a Memorandum of Understanding (MoU).
  • RCIL is implementing several Rail projects all over India for doubling, New Line, Electrification, Workshops etc.
  • The MoU was signed by Railway Board Secretary, Shri Ranjanesh Sahai and RCIL, Chairman and Managing Director, Shri N. Kashinath and laid down the targets for 18-19, both financial and physical, for various important Projects.
  • As per targets under MoU, RCIL has projected revenue from operations of Rs. 1200 crore and several other target regarding CCTV & Wi-Fi at Stations development of Content on Demand (CoD) services on trains etc.

See the links below:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=179499