RailTel Secures Rs. 18.56 Crore Cyber Security Contract from IRCTC
RailTel Corporation of India Ltd. has won a contract worth Rs. 18.56 crore from IRCTC for Comprehensive Cyber Security Intelligence Services. The three-year contract requires a 5% performance bank guarantee and has annual payment terms. This deal adds to RailTel's recent string of contracts, including several in the education sector in Bihar, totaling over Rs. 713.55 crore. These contracts span areas such as smart classrooms, ICT labs, and teaching materials, showcasing RailTel's diversification beyond telecommunications.

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RailTel Corporation of India Ltd. , a prominent player in the telecommunications infrastructure sector, has recently secured a significant contract from the Indian Railway Catering and Tourism Corporation Limited (IRCTC). The work order, valued at Rs. 18.56 crore, is for providing Comprehensive Cyber Security Intelligence Services.
Contract Details
The contract spans a period of three years. Key aspects of the agreement include:
- Contract Value: Rs. 18,56,21,527 (including taxes)
- Duration: 3 years
- Payment Terms: Annual in nature
- Performance Guarantee: 5% performance bank guarantee required
Significance of the Contract
This contract underscores RailTel's expertise in cyber security and its growing importance in safeguarding critical infrastructure. The partnership between RailTel and IRCTC aims to enhance the security posture of India's railway ticketing and tourism services.
Corporate Governance
RailTel has confirmed that this contract does not involve any interests from the promoter group or related party transactions. This transparency aligns with the company's commitment to good corporate governance practices.
Recent Order Book Expansion
In addition to this cyber security contract, RailTel has recently secured several other significant orders, demonstrating the company's strong market position:
- A contract worth Rs. 262.14 crore from the Bihar Education Project Council for smart classrooms in government middle schools.
- An order valued at Rs. 44.22 crore for SITC of ICT Labs in Bihar.
- A Rs. 89.92 crore contract for supplying teaching and learning materials for Classes I to V in Bihar government schools.
- A substantial order of Rs. 257.50 crore for smart classrooms in government secondary and senior secondary schools in Bihar.
- An additional contract of Rs. 59.77 crore for SITC of ISM Lab from the Bihar Education Project Council.
These orders, totaling over Rs. 713.55 crore, showcase RailTel's diversification into education technology and infrastructure projects, in addition to its core competencies in telecommunications and cyber security.
The string of recent contract wins highlights RailTel's growing presence in various sectors and its ability to secure large-scale projects, positioning the company for potential growth in the coming years.
Historical Stock Returns for Railtel Corporation of India
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-0.68% | +5.73% | +3.03% | +24.18% | -22.02% | +199.46% |