RailTel Corporation of India has issued a formal clarification to stock exchanges regarding news reports about its Memorandum of Understanding with GAIL India Limited for developing digital infrastructure backbone. The clarification, dated March 9, 2026, was submitted in response to BSE queries about the news item that appeared in The Hindu Business Line. The company has now stated that no significant impact is expected from this agreement.

MoU Details and Timeline

The company confirmed that it entered into a non-binding MoU with GAIL on March 5, 2026, for building a digital infrastructure backbone. However, RailTel emphasized that no definitive terms have been finalized at this stage and expects no significant impact from the agreement.

Regulatory Compliance Position

RailTel clarified its position regarding regulatory disclosure requirements under SEBI regulations. The company stated that the MoU does not qualify as a material event under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key regulatory clarifications include:

• The MoU is non-binding in nature
• Does not meet materiality thresholds under SEBI LODR
• No undisclosed material information exists
• All required disclosures have been made timely

Share Price Movement Attribution

Addressing concerns about share price movements, RailTel stated that any trading activity during the day appears unconnected to the news item. The company attributed market movements to prevailing general market conditions rather than the MoU announcement.

Disclosure Commitment

The company reaffirmed its commitment to regulatory compliance and transparent communication with stakeholders. RailTel emphasized that it consistently makes prompt disclosures of any material information requiring disclosure under applicable regulatory requirements and will continue this practice.

The clarification was signed by J.S. Marwah, Company Secretary and Compliance Officer, and submitted to both BSE and NSE as part of the company's regulatory obligations under stock exchange listing requirements.

RailTel Corporation of India Ltd has secured a major contract worth Rs 27.00 crore from South East Central Railway for comprehensive optical fiber cable infrastructure development. The Navratna PSU announced this significant order win through a regulatory filing.

Contract Details and Scope

The contract encompasses a comprehensive range of optical fiber cable infrastructure services. The scope includes supply, transportation, trenching, laying, backfilling, horizontal directional drilling, HDPE pipe insertion, blowing, jointing and termination of OFC.

Project Specifications

This domestic infrastructure project involves multiple technical components essential for modern railway communication systems. The work includes:

• Supply and transportation of optical fiber cables
• Ground preparation through trenching and backfilling operations
• Advanced horizontal directional drilling techniques
• HDPE pipe insertion and installation
• Technical processes including blowing, jointing and termination of OFC

Regulatory Compliance

The company has disclosed this contract in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows SEBI Circular No. SEBI/HO/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, ensuring transparency in major contract announcements.

Corporate Structure

RailTel Corporation operates as a Navratna PSU under the Ministry of Railways, Government of India. The company confirmed that this contract does not involve any related party transactions and maintains arm's length dealings with the awarding entity.

The contract represents a significant addition to RailTel's order book, reinforcing its position in railway telecommunications infrastructure development across India's expanding rail network.