RailTel Corporation of India Ltd. has announced receiving a Letter of Intent (LOI) from Power Grid Corporation of India Limited for a significant services contract. The estimated size of this order is substantial, pegged at ₹1,15,20,49,000/- (Including Tax). The contract is categorized as a domestic services agreement, expected to be executed by September 10, 2034. This development, officially intimated on March 11, 2026, highlights RailTel’s continued success in securing large-scale, strategic national projects.
Major Order Secured by RailTel
RailTel Corporation of India Ltd. formally disclosed the securing of a significant Letter of Intent (LOI) from Power Grid Corporation Of India Limited. This announcement, made on March 11, 2026, adheres to regulatory disclosure requirements concerning major contract awards.
Contract Details and Financial Value
The core details of the awarded mandate, labeled as a Services contract, are outlined:
- Awarding Entity: Power Grid Corporation Of India Limited
- Nature of Contract: Services (Domestic)
- Estimated Order Value: Rs. 1,15,20,49,000/- (Including Tax)
- Execution Timeline: The contract must be executed by 10-SEP-34.
Compliance and Reporting
The significant terms and conditions of the award are detailed according to the official Notification of Award (NOA-1 and NOA-2). The company confirmed that this is a domestic award and that the transaction does not involve related party transactions at arm’s length. The Letter of Intent for this work order was officially received on March 10, 2026, at 18:43.
The management has confirmed that this issuance has the approval of the Executive Director/Corporate Office.
Source: BSE
