Telecom infrastructure firm RailTel Corporation of India Ltd announced on Thursday (9 October) that it has received a Letter of Intent (LoI) from the Centre for E-Governance (CEG), Karnataka, for providing back-to-back OEM support for existing routers and switches under the KSWAN 2.0 network.

The order, valued at approximately Rs 182 million, is to be completed by 8 November 2025. RailTel clarified that the contract was awarded by a domestic entity and that neither its promoters nor the promoter group have any financial interest in CEG. The transaction is conducted on an arm’s-length basis and does not fall under related-party agreements. RailTel received the work order on 8 October 2025 at 5:26 PM.

This follows a series of project wins for RailTel in recent months. In September 2025, the company secured a Rs 709 million contract from Nashik Municipal Smart City Development Corporation Ltd. That project involves selecting an implementation agency for the supply, installation, testing, and commissioning of the Nashik and Trimbakeshwar City Network Backbone, including operations and maintenance services. It is expected to be completed by 31 December 2026.

Additionally, RailTel has bagged a Rs 325 million contract from the Panvel Municipal Corporation, to be executed by 19 March 2031. The order covers supply, installation, and connectivity services for an SD-WAN-based Internet Lease Line/MPLS Line under the Panvel Safe City Project.

On Thursday, shares of RailTel Corporation of India Ltd closed at Rs 384, down by Rs 6.95, or 1.78 per cent, on the BSE.