RailTel Bags ₹174 Cr Chhattisgarh Connectivity Project

Hey finance enthusiasts! 👋 We’ve got some exciting news from RailTel Corporation of India Limited (RAILTEL) that just hit the wires. The company has bagged a substantial new order, reinforcing its position in India’s digital infrastructure landscape.

RailTel has secured a significant work order from the General Administration Department (GAD) of Chhattisgarh. This isn’t just any order; it’s valued at a whopping ₹174,77,46,250 (that’s over ₹174 crore, including tax)! 💰

So, what’s the big deal about this contract? It’s all about boosting Chhattisgarh’s digital backbone. The order primarily involves providing comprehensive network connectivity, along with its operation and maintenance (O&M). This includes hardware procurement, commissioning, and the implementation of a revamped integrated communication infrastructure, covering WLAN, LAN, and EEPBAX systems.

This is a domestic project, and it’s a long-term commitment for RailTel, with the work slated for execution until January 14, 2031. Such long-term contracts provide excellent revenue visibility and stability for the company.

As a Navratna PSU under the Ministry of Railways, RailTel plays a crucial role in modernizing India’s telecom and IT infrastructure. This new contract from Chhattisgarh’s government department further highlights their expertise and trust in RailTel’s capabilities to deliver large-scale, critical communication projects.

For context, RailTel’s shares (RAILTEL) were last traded at ₹409.4, showing a slight dip of 0.6% before the market closed. This new order could be a positive catalyst for the company’s future performance. Keep an eye on how this significant win contributes to RailTel’s growth story! 📈

source: Corporate Announcement

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