RailTel Corporation of India Ltd. has received a Letter of Intent (LoI) for a significant Project Management Consultancy contract from the Lucknow Municipal Corporation. The estimated size of this order is substantial, valued at ₹16,99,20,000/- (Rupees Sixteen Crore Ninety-Nine Lakh Twenty Thousand Only). This five-year domestic contract, secured via a tender process, marks an important expansion of RailTel’s consultancy services into municipal infrastructure projects.
Major Order Secured by RailTel
RailTel Corporation of India Ltd. announces that it has been awarded a substantial Letter of Intent (LoI) from the Lucknow Municipal Corporation. This information is being disclosed pursuant to applicable regulatory requirements concerning material events.
Key Terms of the Consultancy Contract
The awarded contract pertains to providing Project Management Consultancy services specifically for the Lucknow Municipal Corporation. Key details of the tender award are as follows:
- Awarding Entity: Lucknow Municipal Corporation
- Duration: 5 years
- Nature: Domestic Tender Award
- Execution Timeline: The work is to be executed by February 15, 2031.
Financial Consideration
The broad consideration or estimated size of this order, as per the received LoI, is ₹16,99,20,000/- (Rupees Sixteen Crore Ninety-Nine Lakh Twenty Thousand Only) in INR.
Disclosure Confirmation
The date and time of receipt of this LoI were February 10, 2026, at 19:38. RailTel confirms that neither the promoter nor any group companies hold any interest in the Lucknow Municipal Corporation, and the transaction is not classified as a related party transaction.
Source: BSE
