Rs 10,166 Crore Order Book: Navratna PSU Secures Rs 82 Crore Railway Infrastructure Order
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RailTel Corporation of India has secured an Rs 82.04 crore railway signalling contract from Haryana Rail Infrastructure Development Corporation for works on the Dhulawat Manesar New Patli section, to be executed by November 27, 2027.
✨ Key Takeaways
On Monday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 1.17 per cent to 23,093.80. Amid the broader market weakness, RailTel Corporation of India share price traded at Rs 303.45, down 3.13 per cent from the previous close, after the company announced that it had secured a railway signalling contract worth Rs 82.04 crore.
RailTel Receives Letter Of Acceptance From HRIDC
RailTel Corporation informed the stock exchanges that it has received a Letter of Acceptance (LoA) from Haryana Rail Infrastructure Development Corporation Limited (HRIDC) for a railway signalling project.
The estimated order value stands at Rs 82,04,38,912, including taxes. The work order was received by the company on June 8, 2026. The disclosure was made under Regulation 30 read with Part A (B) of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
RailTel Project Scope
The contract pertains to the design, supply, installation, testing and commissioning of signalling and telecommunication (S&T) systems along with associated works for the Dhulawat-Manesar-New Patli railway section.
The scope of the project also includes works at Chandla Dungerwas and Pachgaon Halt stations, forming part of railway infrastructure development initiatives in Haryana.
The project is scheduled to be completed by November 27, 2027.
RailTel Adds To Railway Infrastructure Order Book
The new contract strengthens RailTel's order book in the railway infrastructure segment, particularly in signalling and telecommunication systems.
The company has been actively involved in railway signalling, safety-related projects and infrastructure modernisation initiatives in addition to its telecom and ICT services business. The execution timeline extending into 2027 provides revenue visibility over the project period.
RailTel Other Details
RailTel stated that the contract has been awarded by a domestic entity and does not qualify as a related party transaction.
The company further clarified that neither the promoter, promoter group nor group companies have any interest in the awarding entity.
About RailTel
RailTel Corporation of India Ltd is a Navratna Central Public Sector Enterprise under the Ministry of Railways. The company was incorporated in September 2000 to modernise railway communications and develop a nationwide broadband and multimedia network using railway right of way.
RailTel owns an optic fibre network spanning more than 63,000 route kilometres and has connectivity across over 7,000 railway stations. The company provides telecom infrastructure, ICT services, broadband, data centre and cloud services, leased lines, VPN services, and railway signalling solutions across India.
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Disclaimer: The article is for informational purposes only and not investment advice.