President of India-Backed Company Secures Rs 86.36 Crore Domestic Order from Municipal Corporation of Greater Mumbai

DSIJ Intelligence/ 21 Apr 2026 /Categories: Mindshare, Trending

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President of India-Backed Company Secures Rs 86.36 Crore Domestic Order from Municipal Corporation of Greater Mumbai

RailTel wins long-term cloud services contract; FIIs and DIIs increase stake while stock shows mixed performance

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On Tuesday, Indian markets traded on a positive note, with the Nifty 50 rising 0.78 per cent to 24,555.30, up 190.45 points from the previous close of 24,364. Amid this, RailTel Corporation of India share price was trading at Rs 327.30, up 0.31 per cent from the previous close of Rs 326.

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RailTel Received Domestic Order

RailTel Corporation of India Ltd has received a Letter of Acceptance (LoA) from the Municipal Corporation of Greater Mumbai for a customer project related to provisioning, configuration, testing, commissioning, operations, and maintenance of cloud services.

The order is domestic in nature and is to be executed by June 5, 2029. The estimated size of the contract is approximately Rs 86.36 crore (including Taxes). The company has clarified that the transaction does not fall under related party transactions and that there is no promoter group interest in the awarding entity.

RailTel Shareholding Pattern

As of March 2026, promoter holding remained stable at 72.84 per cent. Foreign Institutional Investors (FIIs) increased their stake to 3.72 per cent from 3.68 per cent in December 2025. Domestic Institutional Investors (DIIs) also increased their holding to 0.99 per cent from 0.84 per cent in the previous quarter. Public shareholding stood at 22.44 per cent.

RailTel Share Price Performance

The stock has delivered mixed performance across different timeframes, gaining 29.17 per cent over the past month. However, it declined 11.70 per cent over the past six months, while posting a modest return of 3.43 per cent over the past year. The company currently has a market capitalisation of Rs 10,517 crore.

About RailTel Corporation

RailTel Corporation of India Ltd is a Navratna public sector undertaking under the Ministry of Railways. The company is one of India’s largest neutral telecom infrastructure providers, owning a pan-India optic fibre network laid along railway tracks.

RailTel provides broadband and VPN services, data centre services, cloud services, and digital solutions to various government and enterprise customers. The company plays a key role in supporting digital infrastructure and connectivity across India.