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.

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:

1. A contract worth Rs. 262.14 crore from the Bihar Education Project Council for smart classrooms in government middle schools.
2. An order valued at Rs. 44.22 crore for SITC of ICT Labs in Bihar.
3. A Rs. 89.92 crore contract for supplying teaching and learning materials for Classes I to V in Bihar government schools.
4. A substantial order of Rs. 257.50 crore for smart classrooms in government secondary and senior secondary schools in Bihar.
5. 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.