RailTel Corporation of India Ltd. has announced the cancellation of a Letter of Acceptance (LoA) for a significant project. The order, initially valued at approximately ₹20.35 crore (including tax), was for the establishment of an MIS-Central Dashboard System for Higher Education Institutions in Himachal Pradesh. The Directorate of Higher Education, Himachal Pradesh, cited financial non-viability and non-availability of requisite funds as reasons for the cancellation. This development affects RailTel’s order book and projected revenue.
Order Cancellation Announced
RailTel Corporation of India Ltd. has officially communicated the cancellation of a Letter of Acceptance (LoA) it had received from the Directorate of Higher Education, Himachal Pradesh. This LoA, initially secured on April 28, 2026, was for a project estimated at ₹20,35,24,096/- (including tax). The project entailed the establishment of an MIS-Central Dashboard System for Higher Education Institutions within Himachal Pradesh.
Reasons for Cancellation
The Directorate of Higher Education, Himachal Pradesh, has formally withdrawn the LoA due to challenges in project implementation. The stated reasons include the financial non-viability of the project and the non-availability or non-collection of the necessary funds required for its execution. This cancellation has a direct impact on RailTel’s order book and future revenue streams.
Disclosure Details
The company has provided a detailed disclosure regarding this cancellation, adhering to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The information is presented in Annexure-A, outlining the parties involved, the nature of the order, the date of execution, and the specific reasons leading to the termination.
Source: BSE
