RailTel Secures Major MPLS-VPN Contract from Airports Authority of India 🚀

Hey finance enthusiasts!

We’ve got some exciting news from RailTel Corporation of India Limited (RAILTEL)! The company, a key player in India’s telecom infrastructure, has just announced a significant new order that’s set to boost its portfolio.

RailTel has secured a substantial contract from none other than the Airports Authority of India (AAI). This isn’t just any order; it’s for providing crucial MPLS-VPN Services across AAI’s various airports and offices. For those wondering, MPLS-VPN (Multiprotocol Label Switching - Virtual Private Network) is essentially a super-efficient and secure way to transmit data over a network, ensuring high-speed and reliable communication – absolutely vital for an organization like AAI.

The value of this domestic contract is a hefty ₹18,57,11,821 (that’s over 18.57 crore rupees!), including taxes. This isn’t a short-term gig either; RailTel is set to execute these services until August 31, 2030, indicating a long-term commitment and a steady revenue stream for the company.

This win underscores RailTel’s growing presence beyond its traditional railway network, showcasing its capability to provide advanced telecom solutions to other critical national infrastructure entities. As a Navratna PSU, RailTel continues to leverage its robust fiber optic network to serve diverse sectors.

At its last close, RailTel’s shares were trading at ₹366. This new contract is a positive development, reinforcing the company’s position in the competitive telecom services market.

Stay tuned for more updates as RailTel continues to expand its reach and services across India! 🇮🇳

source: Corporate Announcement

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