RailTel Corporation of India Ltd. has announced securing a significant new contract valued at ₹35,54,82,968/- (approximately ₹35.55 Crore). The domestic order pertains to a crucial Railway Signalling Project involving the provision of MSDAC and other associated works within the Prayagraj Division of NCR. The Letter of Acceptance (LoA) was received on February 18, 2026, and the company is required to complete the extensive work within 24 months from the date of acceptance.
Major Order Secured by RailTel
RailTel Corporation of India Ltd. is pleased to inform stakeholders that it has successfully secured a major work order, officially receiving the Letter of Acceptance (LoA) on February 18, 2026, at 16:00 hours. This development is reported pursuant to the applicable disclosure requirements for listed entities.
Key Contract Details
The contract has been awarded by a Domestic entity, identified as Dy. Cste/P/Cnb. The nature of the work is classified as a Railway Signalling Project. The specific scope involves the Provision of MSDAC and Other Associated Works, including suitable Indoor Alterations in EI/RRI/PI Stations within the Prayagraj Division of the North Central Railway (NCR).
Financial Implication and Timeline
The estimated size of this order, as per the LoA, amounts to Rs. 35,54,82,968/- (Rupees Thirty-Five Crore Fifty-Four Lakh Eighty-Two Thousand Nine Hundred Sixty-Eight Only). The contract execution timeline is stringent, requiring completion within 24 Months from the date of the LOA. The expected completion date falls on February 17, 2028.
Compliance Confirmation
The announcement confirms that the transaction does not involve any interest from the promoter or promoter group companies. Furthermore, the order does not fall within the definition of related party transactions conducted at an arm’s length basis, ensuring adherence to standard corporate governance procedures.
Source: BSE
