RailTel Corporation of India Ltd. , a prominent player in the telecommunications infrastructure sector, has announced a significant new contract, further solidifying its position in the market.

Contract Details

RailTel has been awarded a work order worth Rs. 32.51 crore (including tax) from the Panvel Municipal Corporation. The project involves supplying, installing, and providing service for connectivity solutions, including SDWAN-based Internet Lease Line and MPLS Line at various locations for the Panvel Safe City Project.

Project Scope and Timeline

The domestic contract, aimed at enhancing the connectivity infrastructure of Panvel, is scheduled to be executed by March 19, 2031. This long-term commitment underscores the project's significance and RailTel's role in supporting urban development initiatives.

Financial Implications

The order value of Rs. 32.51 crore (including tax) represents a substantial addition to RailTel's order book. This contract is expected to contribute positively to the company's revenue stream over the coming years.

Corporate Governance

In line with transparency requirements, RailTel has confirmed that neither the promoters nor any group companies have any interest in the awarding entity, Panvel Municipal Corporation. Furthermore, the company has clarified that this contract does not fall under related party transactions, ensuring compliance with corporate governance norms.

Market Impact

This new order comes as a positive development for RailTel, showcasing the company's ability to secure significant projects in the smart city and urban infrastructure domain. It also highlights the growing demand for advanced connectivity solutions in urban development projects across India.

Additional Contract

In a separate announcement on the same day, RailTel also secured another major order from Nashik Municipal Smart City Development Corporation Ltd., amounting to Rs. 70.95 crore (excluding tax). This project involves the supply, laying, installation, testing, and commissioning of Nashik & Trimbakeshwar City Network Backbone, along with providing operations and maintenance services. The execution timeline for this project is set for December 31, 2026.

These consecutive contract wins demonstrate RailTel's strong market position and its crucial role in India's digital infrastructure development. As the company continues to expand its project portfolio, it is well-positioned to capitalize on the growing demand for smart city solutions and connectivity infrastructure across the country.

RailTel Corporation of India Ltd. (RailTel) has clinched a significant contract worth Rs. 70.95 crore from Nashik Municipal Smart City Development Corporation Ltd., marking a major milestone in the company's expansion into smart city infrastructure projects.

Project Details

The domestic project, awarded to RailTel, involves the supply, laying, installation, testing, and commissioning of Nashik & Trimbakeshwar City Network Backbone. The scope of work also includes providing operations and maintenance services for the network infrastructure.

Contract Specifics

Project Significance

This contract underscores RailTel's growing presence in the smart city domain and its capability to deliver comprehensive network solutions. The project aims to enhance the digital infrastructure of Nashik and Trimbakeshwar, potentially improving urban services and connectivity for residents.

Corporate Disclosure

In compliance with regulatory requirements, RailTel has confirmed that:

• The contract does not involve any related party transactions.
• Neither the promoter nor the promoter group has any interest in the entity awarding the contract.

Company's Recent Order Book

On the same day, RailTel also received a work order from Panvel Municipal Corporation for a project valued at Rs. 32.51 crore (including tax). This project involves supplying, installing, and providing connectivity services for the Panvel Safe City Project.

The back-to-back order wins demonstrate RailTel's strong market position and its ability to secure significant projects in the smart city and urban development sector.

As RailTel continues to expand its portfolio in the smart city infrastructure space, these projects are likely to contribute to the company's growth trajectory and strengthen its position in the market.