RailTel Corporation of India Secures Rs. 1.32 bn Postal Order
The order appoints RailTel as the system integrator for IMS for a period of five years. The execution period is scheduled to run until 1 November 2031, based on the details provided in the LoA.
The contract has been awarded by a domestic government entity and is classified as an LoA-based order. RailTel disclosed the estimated size of the order as Rs. 1.32 bn, with the value stated exclusive of applicable taxes.
The company said the promoter, promoter group and group companies do not have any interest in the entity awarding the contract. It also stated that the order does not fall within related party transactions.
The disclosure was made under Regulation 30 read with Part A (B) of Schedule III of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015. RailTel said the intimation was issued with the approval of the executive director at the corporate office, and the filing was generated electronically without requiring a signature.