RailTel Secures Major Order with Ashoka Buildcon for Govt. Project
Filing Summary
RailTel Corporation of India Ltd, in consortium with Ashoka Buildcon Ltd, has received a Letter of Intent from the Inspector General Of Registration. The order involves the modernization of offices under the Government of Maharashtra. The contract is domestic, with an execution deadline of March 19, 2032. The financial consideration is based on a rate of Rs 25 per scanned page, with an estimated five-year impact of Rs 1136 Crores. There is no promoter interest or related party transaction involved.
RailTel Corporation of India Ltd, in consortium with Ashoka Buildcon Ltd, has secured a significant order from the Inspector General Of Registration. The order was confirmed through a Letter of Intent dated February 20, 2026. This project involves the selection of a Managed Service Provider for the modernization of offices of the Inspector General of Registration and Controller of Stamps under the Government of Maharashtra.
The order is domestic in nature, with the execution period set to conclude by March 19, 2032. The financial terms specify an accepted rate of Rs 25 per page, referring to a single side of a registered document. Although the Letter of Intent does not state the total consideration value, historical data from the Request for Proposal indicates an average of 9.18 crore pages scanned annually over the past five years. Based on this, the estimated financial impact for the five-year contract period is approximately Rs 1136 Crores. However, actual figures may vary.
There is no interest from the promoter or promoter group in the entity awarding the order, and the transaction does not fall under related party transactions. The work order was received on February 20, 2026, at 15:23.
Ashoka Buildcon Ltd is a prominent infrastructure development company in India, focusing on highways, bridges, power transmission, and distribution projects. The company is known for its expertise in executing large-scale projects and has a significant presence in the infrastructure sector.
RailTel Corporation of India Ltd is a leading telecommunications infrastructure provider, offering a wide range of services including broadband, VPN, and data center services. The company focuses on leveraging its extensive network to provide connectivity solutions across India, supporting various government and enterprise initiatives.