RailTel Corporation of India Ltd. has announced the receipt of a substantial Purchase Order from Indian Railway Catering And Tourism Corporation Limited. This order, valued at approximately ₹33.78 crore (including tax), is for the provision of Infrastructure as a Service (IAAS). The contract spans two years from the commissioning date and includes an option for extension, bolstering RailTel’s revenue streams.
Major Order Secured by RailTel
RailTel Corporation of India Ltd. has officially received a significant Purchase Order from the Indian Railway Catering And Tourism Corporation Limited. This development marks a key milestone for the company, reinforcing its position in the infrastructure services sector.
Order Details and Value
The Purchase Order is for the provision of Infrastructure as a Service (IAAS). The estimated value of this order is ₹33,78,54,917/- (Rupees Thirty-Three Crore, Seventy-Eight Lakhs, Fifty-Four Thousand, Nine Hundred and Seventeen only), inclusive of taxes. The contract is valid for a period of two years from the date of commissioning of the project, with an option for a further one-year extension under the same terms and conditions.
Project Execution and Timeline
The order is expected to be executed by September 30, 2029. This substantial order is anticipated to contribute positively to RailTel’s financial performance and strengthen its order book for the upcoming fiscal periods.
Source: BSE
