RailTel Bags Maintenance Order From East Coast Railway

27 Mar 2026 CW Team

RailTel Corporation of India Ltd has secured a work order from East Coast Railway valued at Rs 245.3 million (Rs 245.3 mn) inclusive of taxes. The company received the Letter of Acceptance on 19 March 2026 and disclosed the contract under applicable listing regulations. The order relates to operational support within the railway network and will be executed as a service agreement. The value was provided in the company disclosure and is structured as a fixed term engagement.

The contract involves outsourcing manpower for signalling and telecommunications maintenance in the Khurda Road Division and is confined to routine maintenance activities. The scope is limited to workforce deployment and does not include construction work or system upgrades. The arrangement is designed to support the functioning of existing infrastructure and to maintain service continuity. The contract therefore focuses on operations rather than capital expenditure.

The execution period spans two years, with completion expected by 18 March 2028, and the timeline aligns with maintenance requirements of the division. RailTel disclosed the order under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and referenced additional guidance from the SEBI Master Circular dated 30 January 2026. The company also confirmed that the contract does not involve related party transactions and that there is no promoter group interest in the awarding entity. The firm characterised the work as service based and routine in nature.

As of 23 March 2026 at 11:46 am the share price of RailTel stood at Rs 258.60, representing a 4.75 per cent decrease from the previous close. The order adds to RailTel's ongoing maintenance related contracts within the railway sector and is expected to contribute to recurring service revenues over the contract term. Stakeholders will monitor execution progress and compliance with regulatory disclosures as the contract proceeds.

Infrastructure Transport

27 Mar 2026

Noida Emerges as Key Economic Hub: Cushman Report

Cushman & Wakefield’s recent report, Noida Runway for Growth, highlights the city’s emergence as a major economic and real estate hub contributing nearly 10 per cent to Uttar Pradesh’s GSDP. A key driver is the upcoming Noida International Airport, which will be inaugurated by Prime Minister Narendra Modi on March 28 in Gautam Buddha Nagar's Jewar. The project is set to enhance connectivity and reshape the region’s economic and real estate landscape. Noida’s office market has expanded to 43.4 million sq ft, including 26.6 million sq ft of Grade A+ assets, with a 40 per cent..

Bent Collective Unveils Sculptural Ravon Chair

Bent Collective has recently introduced the Ravon Chair, a striking design piece that redefines the intersection of art and functionality. Characterised by sharp geometry, bold angles, and a vivid marbled finish, the chair stands out as a sculptural element rather than conventional seating.Designed with a strong architectural language, the Ravon Chair features clean lines and intersecting planes that create a dynamic silhouette. Its distinctive triangular cut-out detail enhances depth and asymmetry, allowing light and shadow to interact across its surface. Finished in a rich red marbled patter..

DP World Opens Golf Clubhouse in Gurugram

DP World has delivered a permanent clubhouse to ZEN Golf Range & Academy in Gurugram, strengthening grassroots golf development in India ahead of the Hero Indian Open. The facility marks the second under its global clubhouse programme, following the first in Cape Town in 2025.Constructed using a repurposed shipping container, the clubhouse provides golf equipment, sheltered training areas, and a dedicated space for young players to build both sporting and life skills. The initiative aligns with DP World’s broader commitment to community development across its global operations.India cont..