RailTel Corporation of India Ltd. has announced the receipt of a significant Work Order from the Department of Posts. The contract, valued at ₹1,19,18,68,499/- (Including Tax), is for the provisioning and management of cloud services for Postal Life Insurance. The execution timeline for this order is set to conclude by September 21, 2026.
Major Contract Awarded by Department of Posts
RailTel Corporation of India Ltd. has been awarded a substantial Work Order by the Department of Posts. This development marks a significant win for the company, bolstering its order book and future revenue streams. The order pertains to the provisioning and management of Cloud Services for Postal Life Insurance.
Contract Details and Value
The total consideration for this Work Order is reported as Rs. 1,19,18,68,499/- (Including Tax). This contract falls under the domestic category, indicating a strong domestic operational capability for RailTel. The company received this crucial order on August 10, 2026.
Execution Timeline
The period by which the order is to be executed is specified as September 21, 2026. RailTel has confirmed that there is no involvement of its promoter, promoter group, or group companies in this specific transaction, and it does not fall within related party transactions. This announcement is made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
