RailTel Secures Work Order From Department Of Posts
The work order is domestic in nature and is to be executed by 21 September 2026. The size of the order is stated as Rs 1,191,868,499 including tax, equivalent to Rs 1,191.87 mn, as per the work order. The company described the contract as a work order for provisioning and management of cloud services for Postal Life Insurance.
The filing states that neither the promoter nor the promoter group has any interest in the Department of Posts and that the transaction does not constitute a related party transaction. The date and time of receipt are recorded in the work order and the disclosure notes that there was no delay in reporting. The notice indicates the issuance was approved by the executive director and company officer and that the document is computer generated.
The order augments RailTel's portfolio of public sector information technology and communications assignments and will be delivered through its existing service delivery framework. The company will proceed under the terms specified in the work order and will fulfil the delivery obligations within the stipulated time frame. Financial recognition and accounting will follow the company's established policies and disclosure requirements and governance.