RailTel Secures LoI From Thane Municipal Corporation

03 Jul 2026 CW Team

The disclosure states that the engagement is domestic and that the estimated size of the order as per the LoI is Rs 136 million (Rs 136 mn) including tax.

The company indicated that the LoI was received on 29 June 2026 at 20:30 and that the formal execution deadline is 28 June 2036.

The announcement clarified that the role covers technology development, system upgradation, implementation, operation and ongoing maintenance of citizen facing modules and backend integration with municipal systems.

RailTel said the order is not a related party transaction and that neither the promoter nor the promoter group has any interest in the contracting entity.

The company added that the filing was made within the required timeframe and that the issuance was approved by the executive director for the western region.

The letter of intent values the contract at Rs 136 mn and the company will proceed with detailed project planning and resource allocation following formal contract award.

RailTel will be responsible for delivery of agreed milestones over the 10 year operational term and for sustaining platform performance and support standards.

The work scope envisages both initial implementation phases and long term application hosting and maintenance.

The disclosure, provided in line with SEBI listing rules and the regulator master circular, was submitted as an annexure to the corporate filing and notes that the document is computer generated.

Stakeholders will receive further updates when the definitive work order or contract is executed and when additional contractual milestones are reached.

The company recorded that there are no delays in reporting and that customary compliance and approvals have been completed.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

RailTel Corporation of India Ltd. (RailTel) has informed the stock exchange that it has received a Letter of Intent from Thane Municipal Corporation (TMC) to act as technology partner for the development, upgradation, implementation, operation and maintenance of the DigiThane Citizen Engagement Platform for a period of 10 years. The disclosure states that the engagement is domestic and that the estimated size of the order as per the LoI is Rs 136 million (Rs 136 mn) including tax. The company indicated that the LoI was received on 29 June 2026 at 20:30 and that the formal execution deadline is 28 June 2036. The announcement clarified that the role covers technology development, system upgradation, implementation, operation and ongoing maintenance of citizen facing modules and backend integration with municipal systems. RailTel said the order is not a related party transaction and that neither the promoter nor the promoter group has any interest in the contracting entity. The company added that the filing was made within the required timeframe and that the issuance was approved by the executive director for the western region. The letter of intent values the contract at Rs 136 mn and the company will proceed with detailed project planning and resource allocation following formal contract award. RailTel will be responsible for delivery of agreed milestones over the 10 year operational term and for sustaining platform performance and support standards. The work scope envisages both initial implementation phases and long term application hosting and maintenance. The disclosure, provided in line with SEBI listing rules and the regulator master circular, was submitted as an annexure to the corporate filing and notes that the document is computer generated. Stakeholders will receive further updates when the definitive work order or contract is executed and when additional contractual milestones are reached. The company recorded that there are no delays in reporting and that customary compliance and approvals have been completed.

Products

03 Jul 2026

AFC Furniture Targets Pune and Nagpur Expansion

AFC Furniture Solutions has announced its expansion into Maharashtra's key commercial hubs, targeting Pune's technology corridors and Nagpur's Multi-modal International Cargo Hub and Airport (MIHAN) as part of its western India growth strategy.The company expects western India to contribute 25–30 per cent of its revenue, supported by demand from over 900 companies across Hinjewadi's Special Economic Zone (SEZ) and non-SEZ locations, as well as businesses in the MIHAN region. According to Cushman & Wakefield, Global Capability Centres (GCCs) accounted for 69 per cent of Pune's office leas..

Infrastructure Transport

03 Jul 2026

PM Modi to Open Jodhpur Airport Terminal and Pachpadra Refinery

Prime Minister Narendra Modi will visit Jodhpur and Balotra in Rajasthan on July four to inaugurate the HPCL Rajasthan Oil Refinery and the newly built terminal of Jodhpur airport, the state Chief Minister Bhajan Lal Sharma said. The announcement said the Prime Minister will arrive from New Delhi to dedicate the ultra-modern airport terminal and then proceed to Pachpadra-Balotra for the refinery inauguration. Local authorities have begun operational preparations to ensure smooth conduct of the functions and VVIP movement. The project at Pachpadra is valued at Rs 794.59 billion (Rs 794,590 mn),..

Infrastructure Urban

03 Jul 2026

Majhi Launches WEP And MSME Clusters To Boost Growth

Chief minister Mohan Charan Majhi launched the Women Entrepreneurship Platform Odisha chapter and inaugurated MSME infrastructure projects during the Udyami Odisha MSME Programme on International MSME Day. The chapter, developed with support from NITI Aayog, will integrate Mission Shakti, the MSME department, Startup Odisha, banks and industry associations into a single-window ecosystem to improve access to finance, markets, mentorship and skills for women entrepreneurs. A one-year action plan was unveiled to accelerate manufacturing and boost women-led enterprises. He said the vision is to ma..