RailTel Bags Rs 245.3 Million East Coast Railway Order

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 (mn), inclusive of taxes, with the Letter of Acceptance issued on 19 March 2026. The award was made by a domestic railway zone and was disclosed under the applicable listing regulations. The order relates to operational support within the railway network and is structured as a service agreement.

The contract involves outsourcing manpower for signalling and telecommunications maintenance in the Khurda Road Division and is confined to workforce deployment rather than construction or system upgrades. Activities under the scope are routine maintenance tasks that support the functioning of existing infrastructure. The work is therefore service based and focused on sustaining operational availability.

The execution period is two years with expected completion on 18 March 2028, indicating a fixed term aligned with maintenance cycles in the division. RailTel disclosed the contract under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and provided additional details in line with the SEBI master circular dated 30 January 2026. The company confirmed that the contract does not involve related party transactions and that there is no promoter group interest in the awarding entity.

The order adds to RailTel's portfolio of maintenance related contracts within the railway sector and is positioned to support ongoing operational requirements in the Khurda Road Division. The value of the work will be recognised over the contract term and will contribute to service revenues while remaining limited in scope. As of 23 March 2026 at 11:46 am the share price stood at Rs 258.60, a four point seven five per cent decrease from the previous close.

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