RailTel Secures Major Order from Power Grid Corporation
Filing Summary
RailTel Corporation of India Ltd has received a Letter of Intent from Power Grid Corporation of India Limited for a significant service order. The order, valued at approximately Rs. 115 crore including tax, is domestic in nature and is expected to be executed by September 10, 2034. The order does not involve any related party transactions, and there is no interest from the promoter group in the awarding entity. The work order was received on March 10, 2026.
RailTel Corporation of India Ltd has announced the receipt of a Letter of Intent from Power Grid Corporation of India Limited. This development was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order is domestic and pertains to services. The estimated size of the order, as per the Letter of Intent, is approximately Rs. 1,15,20,49,000, inclusive of tax. The order is expected to be executed by September 10, 2034. The work order was officially received on March 10, 2026.
There is no involvement of related party transactions in this order, and the promoter or promoter group of RailTel has no interest in Power Grid Corporation of India Limited.
Power Grid Corporation of India Limited is a key player in the power transmission sector, focusing on the development and operation of transmission networks across India. The company is involved in various strategic initiatives to enhance its service capabilities and infrastructure.
RailTel Corporation of India Ltd is a leading provider of broadband and VPN services. The company focuses on leveraging its extensive network infrastructure to deliver high-quality telecom services. RailTel is committed to expanding its service offerings and enhancing its operational efficiency.