RailTel Bags Maintenance Order From East Coast Railway
RAILWAYS & METRO RAIL

RailTel Bags Maintenance Order From East Coast Railway

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code