RailTel Corporation of India has officially confirmed entering into a Memorandum of Understanding (MoU) with GAIL (India) Limited on March 5, 2026. The purpose of the non-binding agreement is to collaborate on building a digital infrastructure backbone. RailTel stated that no definitive terms have been finalized at this preliminary stage. Furthermore, the company confirmed it is unaware of any undisclosed material information that could explain recent trading movements.
Confirmation of GAIL Collaboration
RailTel Corporation of India Ltd. has issued a formal clarification in response to a news item dated March 9, 2026, regarding an agreement with GAIL (India) Limited. RailTel confirmed that it entered into a Memorandum of Understanding (MoU) with GAIL on March 5, 2026.
The objective of this MoU is centered on the joint effort to build a digital infrastructure backbone. It is important to note that at this current stage, the company explicitly stated that no definitive terms have been finalized between the two entities.
Regulatory Clarification on Materiality
RailTel emphasized that the executed MoU is considered non-binding in nature. Consequently, the company views this agreement as not qualifying as a material event that requires immediate disclosure under applicable listing requirements.
Market Movement Inquiry Response
In response to queries regarding recent fluctuations in the company’s share price and trading volume, RailTel provided the following confirmations:
- The company stated that the movement in its share price on the day of the news item appears to have no connection to the reported MoU and may be attributable to prevailing general market conditions.
- RailTel confirmed that it is not aware of any material information or event that has not yet been disclosed to the Stock Exchanges which could justify the price or volume movement in its shares.
The management reiterated its commitment to making timely disclosures of all material events and information as required by all applicable regulations moving forward.
Source: BSE
