Navratna PSU Under Ministry of Railways, Secures ₹115 Crore Order from Power Grid

RailTel Corporation of India Ltd has received a Letter of Intent (LoI) from Power Grid Corporation of India Limited for a project valued at approximately Rs 115.20 crore, according to a regulatory filing made by the company.

The project involves the provision of services and is expected to be executed over the long term, with completion scheduled by September 10, 2034.

Key Highlights of the Order

• Awarding Entity: Power Grid Corporation of India Limited
• Nature of Work: Services related to infrastructure/telecommunication support
• Order Value: Approximately Rs 115.20 crore (inclusive of Taxes)
• Type of Client: Domestic entity
• Execution Timeline: The project is expected to be completed by 10 September 2034
• Date & Time of Receipt: March 10, 2026, at 18:43

RailTel Corporation of India Ltd

RailTel, a Navratna PSU under the Ministry of Railways, is a leading provider of telecom, IT, and ICT solutions, delivering digital connectivity and transformation services across India. It provides digital infrastructure and connectivity services across India and internationally.

RailTel Corporation of India Ltd Share Performance

Shares of RailTel Corporation of India Limited were trading at Rs 284.75 as of 2:57 PM IST on March 11, 2026, reflecting a decline of Rs 3.65 or 1.27 per cent compared to the previous closing price of Rs 288.40.

The stock opened the trading session at Rs 287.05 and moved within a day’s range of Rs 284.50 to Rs 293.40. During the session, the volume-weighted average price (VWAP) stood at Rs 289.38.

Adding to this, the stock continues to show weak performance, with both its year-to-date (YTD) return of -23.20 per cent and one-year return of -2.65 per cent remaining negative.

Disclaimer: The article is for informational purposes only and not investment advice.