RailTel Bags ₹264 Crore Kavach Order: Boosting Rail Safety! 🚂
Hey finance enthusiasts!
Big news from the railway sector! RailTel Corporation of India Limited (RAILTEL) has just announced a significant order win that’s set to boost India’s rail safety infrastructure. The company, whose shares were last traded at ₹418.45, down 2.1%, has secured a substantial contract from the East Central Railway.
What’s the Buzz?
RailTel has received a work order amounting to a whopping ₹2,64,06,97,427 (that’s over ₹264 crore, including tax!) from the East Central Railway. This isn’t just any order; it’s for the provision of Kavach, India’s very own indigenous Automatic Train Protection (ATP) system. 🛡️
Kavach: A Game Changer for Rail Safety
For those unfamiliar, Kavach is designed to prevent train collisions, enhance safety, and improve operational efficiency on railway tracks. This particular project involves deploying Kavach on a low-density railway track spanning 607 RKm within the East Central Railway’s network. It’s a crucial step towards making our train journeys safer and more reliable.
Key Details at a Glance:
- Client: East Central Railway
- Project: Implementation of Kavach (Train Collision Avoidance System)
- Value: ₹2,64,06,97,427 (approx. ₹264 crore)
- Scope: 607 RKm of low-density railway track
- Execution Timeline: The project is slated for completion by July 14, 2027.
This domestic order highlights RailTel’s pivotal role in modernizing Indian Railways and reinforces its position as a key player in telecommunications and IT infrastructure for the railway sector. Securing such a large-scale project for a critical safety system like Kavach is a testament to RailTel’s capabilities and commitment to national infrastructure development. It’s exciting to see indigenous technology being deployed to enhance public safety! ✨
source: Corporate Announcement
Join our Telegram for instant updates!