RailTel's Rs 2,098 Crore Bihar Education Project Order Cancelled
RailTel Corporation of India announced the cancellation of a Rs 2,097.86 crore work order from the Bihar Education Project Council. The order, initially secured on September 13 for implementing education quality enhancement under the PM SHRI scheme, was revoked on October 24 due to unavoidable circumstances. RailTel disclosed this information to stock exchanges in compliance with SEBI regulations.

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Railtel Corporation of India , a prominent player in the telecommunications infrastructure sector, has announced the cancellation of a significant work order worth Rs 2,097.86 crore. The order, which was initially secured from the Bihar Education Project Council for the implementation of education quality enhancement under the PM SHRI scheme, has been revoked due to unavoidable circumstances.
Order Details and Cancellation
The company had initially informed the stock exchanges about securing this major order on September 13. However, in a recent development communicated to the stock exchanges on October 24, RailTel disclosed that the customer, State Project Director of Bihar Education Project Council, has cancelled the work order.
Project Scope and Value
The cancelled project details are as follows:
| Aspect | Details |
|---|---|
| Project Name | Implementation for Education Quality Enhancement in Bihar under PM SHRI |
| Original Order Date | September 13 |
| Cancellation Date | October 24 |
| Estimated Order Value | Rs 2,097.86 crore |
| Client | State Project Director, Bihar Education Project Council |
Regulatory Compliance
RailTel has adhered to regulatory requirements by promptly informing the stock exchanges about this development. The company's disclosure aligns with Regulation 30 read with Part A (B) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Impact and Outlook
While the specific reasons for the cancellation were not disclosed beyond being described as "unavoidable," this development may have implications for RailTel's project pipeline and near-term revenue projections. Investors and market analysts will likely be keen to understand the potential impact of this cancellation on the company's future growth strategies and financial outlook.
As the situation develops, stakeholders will be watching closely for any further updates from RailTel regarding potential replacement projects or strategies to address the impact of this cancellation on their business operations.
Historical Stock Returns for Railtel Corporation of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.22% | +0.69% | -0.92% | +17.24% | -10.47% | +205.48% |















































