RailTel Secures Purchase Order From New India Assurance
ECONOMY & POLICY

RailTel Secures Purchase Order From New India Assurance

RailTel Corporation of India Ltd. (RailTel) has received a purchase order from The New India Assurance Company Ltd. (New India Assurance) for the procurement of an artificial intelligence and machine learning based solution to monitor and investigate fraud, waste and abuse in health insurance claims. The order was awarded by a domestic entity and was disclosed under Regulation 30 read with Part A of Schedule III of SEBI listing obligations and the relevant master circular. The work order was received on seven May 2026 at 18:01 and carries a broad consideration of Rs 249.12 mn including tax, with completion scheduled by six May 2029.

The procurement relates to an AI/ML based monitoring and investigation platform to strengthen claim scrutiny and support the insurer's anti-fraud processes. The Company indicated that the order does not involve any interest of the promoter or promoter group and that it does not constitute a related party transaction. The contract is to be executed domestically and the notification was filed with the stock exchange as required by listing regulations.

RailTel described the engagement as significant to its services portfolio in digital infrastructure and data analytics and said the solution will be integrated to assist detection and investigation workflows for suspected fraudulent behaviour. The scope covers deployment, support and investigations for health insurance claims and is structured for phased delivery through the stated completion date. Financial consideration was specified in the filing and the Company set out the delivery timeline in the purchase order.

The filing noted that the disclosure has been issued with approval of the executive director and that the notice is computer generated, hence no signature was required. Stakeholders were asked to take the information on record and the Company confirmed it will proceed in line with contractual and regulatory obligations. Further operational and execution details were not provided in the filing.

RailTel Corporation of India Ltd. (RailTel) has received a purchase order from The New India Assurance Company Ltd. (New India Assurance) for the procurement of an artificial intelligence and machine learning based solution to monitor and investigate fraud, waste and abuse in health insurance claims. The order was awarded by a domestic entity and was disclosed under Regulation 30 read with Part A of Schedule III of SEBI listing obligations and the relevant master circular. The work order was received on seven May 2026 at 18:01 and carries a broad consideration of Rs 249.12 mn including tax, with completion scheduled by six May 2029. The procurement relates to an AI/ML based monitoring and investigation platform to strengthen claim scrutiny and support the insurer's anti-fraud processes. The Company indicated that the order does not involve any interest of the promoter or promoter group and that it does not constitute a related party transaction. The contract is to be executed domestically and the notification was filed with the stock exchange as required by listing regulations. RailTel described the engagement as significant to its services portfolio in digital infrastructure and data analytics and said the solution will be integrated to assist detection and investigation workflows for suspected fraudulent behaviour. The scope covers deployment, support and investigations for health insurance claims and is structured for phased delivery through the stated completion date. Financial consideration was specified in the filing and the Company set out the delivery timeline in the purchase order. The filing noted that the disclosure has been issued with approval of the executive director and that the notice is computer generated, hence no signature was required. Stakeholders were asked to take the information on record and the Company confirmed it will proceed in line with contractual and regulatory obligations. Further operational and execution details were not provided in the filing.

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->