RailTel Corporation of India Ltd (RailTel Corp) has secured a significant new work order from the Ministry of Home Affairs, further solidifying its position in the telecommunications infrastructure sector. The contract, valued at ₹14.95 crore (excluding taxes), involves the supply, installation, testing, and commissioning (SITC) of IP-based CCTV surveillance systems at the Ministry of Home Affairs.

Contract Details

The work order outlines the following key points:

• Client: Ministry of Home Affairs - Secretariat Security Organization
• Nature of Work: SITC of IP-based CCTV Surveillance System at MHA
• Contract Value: ₹14.95 crore (excluding taxes)
• Execution Deadline: September 1, 2030

Project Scope

The project entails the implementation of advanced IP-based CCTV surveillance systems within the Ministry of Home Affairs premises. This highlights RailTel's capabilities in providing cutting-edge security solutions to government entities.

Significance for RailTel Corp

This new contract represents an important business acquisition for RailTel Corp, showcasing the company's continued growth and its ability to secure high-value projects from government organizations. The order reinforces RailTel's expertise in telecommunications infrastructure and security systems.

Compliance and Disclosure

RailTel Corp has promptly disclosed this information in compliance with SEBI regulations, demonstrating its commitment to transparency. The company has confirmed that this contract does not fall under related party transactions, and there is no interest from promoter groups in the awarding entity.

As RailTel Corp continues to expand its portfolio with such strategic projects, it strengthens its position in the market and potentially opens doors for similar high-value contracts in the future.

RailTel Corporation of India Ltd. (RCIL) has announced a significant new contract, boosting its project management portfolio. The company has secured a work order worth Rs 131.60 crore (including tax) from the Rajasthan Skill & Livelihoods Development Corporation (RSLDC) for Project Management Consultancy (PMC) services.

Contract Details

The domestic contract, valued at Rs 131.63 crore, was awarded to RailTel on August 23, 2023. According to the company's disclosure to the stock exchanges, the project has a four-year timeline and is scheduled to be executed by August 22, 2027.

Scope of Work

While specific details of the PMC work were not disclosed, the contract involves RailTel providing project management consultancy services to RSLDC. This aligns with RailTel's expertise in managing complex projects and further strengthens its position in the consultancy sector.

Transparency and Compliance

In compliance with SEBI regulations, RailTel has confirmed that neither its promoters nor any group companies have any interest in RSLDC, the entity awarding the contract. Furthermore, the company stated that this contract does not fall under related party transactions, ensuring transparency in the deal.

Market Impact

This new order is expected to contribute positively to RailTel's order book and potentially impact its future revenue streams. The contract's substantial value and extended execution period suggest a steady workflow for the company in the coming years.

About RailTel Corporation of India Ltd.

RailTel Corporation of India Ltd. is a "Mini Ratna (Category-I)" Central Public Sector Enterprise under the Ministry of Railways. The company specializes in providing broadband telecom and multimedia networks across the country, leveraging its extensive optical fiber network along railway tracks.

This latest contract underscores RailTel's growing presence in the project management consultancy sector, diversifying its portfolio beyond its core telecom infrastructure services.