Mumbai, Feb. 18 -- The agency has also affirmed the company's short-term rating at 'ICRA] A1+'.

ICRA stated that the reaffirmation of ratings considers Railtel's long track record (over 20 years) of operations in the telecom infrastructure space. In addition, it has executed critical projects of national importance such as BharatNet, National Knowledge Network (NKN) and railway signalling, among others.

The ratings continue to factor in Railtel's strong parentage, with the majority ownership by the Government of India (GoI) under the Ministry of Railways (MoR). This strong parentage enables the company to execute all connectivity-related projects of the Indian Railways and secure business from other public-sector undertakings (PSUs).

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