The market rates were at their lowest in 2021 and 2022, around 6.5%, at a time when the repo rate was 4%, meaning there was a 2.5% gap above the repo rate.
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Top gainers in Sensex include Sun Pharma, Bajaj Finance, M&M, Tata Motors.
As part of the approved plan, the consortium will make a total payment of ₹919 crore, along with any applicable statutory dues.
Together, the two back-to-back deals push RailTel’s new order haul for July past ₹281 crore, underscoring the PSU’s growing heft in railway-focused ICT and safety solutions.
The company added that the securities will be backed through hypothecation and mortgage, creating a subservient charge on assets.
Top gainers in Sensex include Sun Pharma, Bajaj Finance, M&M, Tata Motors.
As part of the approved plan, the consortium will make a total payment of ₹919 crore, along with any applicable statutory dues.
Together, the two back-to-back deals push RailTel’s new order haul for July past ₹281 crore, underscoring the PSU’s growing heft in railway-focused ICT and safety solutions.
The company added that the securities will be backed through hypothecation and mortgage, creating a subservient charge on assets.
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