RailTel Corporation of India Ltd. has announced securing a significant Letter of Intent (LoI) as part of a consortium with Ashoka Buildcon Ltd. The order originates from the Inspector General of Registration. Based on the RFP, the expected five-year financial impact for this digitization project is estimated to be approximately ₹1,136.18 Crores, based on an accepted rate of Rs 24.75 per page.
Announcement of Major Order Secured
RailTel Corporation of India Ltd., operating as a PSU under the Government of India, formally disclosed that it has received a Letter of Intent (LoI) for a substantial new project. This award was secured in consortium with M/s Ashoka Buildcon Ltd.
Project Details and Client Information
The LoI was issued by the Inspector General Of Registration. The project entails the Selection of MSP for Modernization of Offices of IGR and Controller of Stamps under Govt. of Maharashtra. The entity awarding the contract is confirmed to be a Domestic entity.
Contract Duration and Execution
The stipulated time period by which the order is to be executed is set until 19-MAR-32. The disclosure notes that the receipt date of this work order documentation was 20-FEB-26, received at 15:23.
Financial Consideration Breakdown
The broad consideration for the order is derived from the accepted rate per page, which is Rs 24.75 (for a scanned single side page). While the final consideration value is not explicitly stated in the LoI, the underlying documents (RFP) indicate an average scan volume of 9.18 Cr pages per year over the last five years. Consequently, the expected financial impact over the five-year contract period is calculated to be approximately Rs 1,136.18 Crores. The company emphasized that actual figures may vary.
Compliance Statement
The announcement confirms that the order does not involve any related party transactions. Furthermore, the entity confirmed that neither the promoter nor any promoter group companies have any interest in the entity that awarded this contract.
Source: BSE
