RailTel targets Rs.1,000 crore turnover by 2017

State-run telecom infrastructure firm RailTel said it is aiming to double its turnover to Rs.1,000 crore in course of the coming two years as it is expanding its presence in retail and telepresence services.

"We are targeting a revenue Rs.1,000 crore over the next two years from around Rs.550 crore earned between April 2014 and March 2015... retail broadband is another focus area", the company's chairman and managing director R.K. Bahuguna said here on Thursday evening on the sidelines of a company event.

According to him, enterprise business, projects and retail broadband verticals would be the future growth drivers for the company to achieve the revenue target.

Presently, 25 percent of its earnings account from the enterprise connectivity fees from telecom firms while another 25 percent comes in from the government including educational institutes.

Cable multi-system operators contribute 15 per cent to the revenue. The share of Indian railways to the revenue is 10 percent.

The mini ratna company will also increase its optical fibre network by another 5,000 km to reach 50,000 km by March 2016.

The company, which has the exclusive right of way along the tracks on Indian Railways said to strengthen its retail presence, it will roll-out the Rail Wire branded broadband services in the east after it was introduced in south India.