Railtel bags new order

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⭐ Railtel bags new order

State-owned entity Railtel Corporation of India has bagged a new order worth ₹186 crore from South Eastern Coalfields. The new contract, which spans over five years, includes a set up of MPLS VPN services at 529 locations.   

⭐ India’s coal production rises 

India’s coal production went up 16% to 607.9 million tonnes (MT) in the first nine months of FY23. Additional coal released in the market by greater utilisation of captive coal blocks has aided in coal’s rise in production. Meanwhile, coal production by the state-owned Coal India accounted for 78% of the country's total output during that period. 

⭐ Road logistics sector to see growth 

Indian road logistics sector is estimated to grow at 13% in the current fiscal year, as per a new report. The upward revision in growth estimate comes amidst a strong demand scenario, along with a steady increase in freight rates.

Global markets (at 8:30 AM today)

Fact of the day

UPI transaction volume increased by 71% year-on-year to a record high of 7.8 billion transactions in December. 

Source: Business Standard