RailTel Corporation Secured New Order:
RailTel Corporation of India Ltd. has secured a significant work order from Ircon International Limited, amounting to ₹1,62,58,96,785, inclusive of taxes. This project pertains to the Integrated Tunnel Communication system, including railway general telecommunication arrangements for the Sivok-Rangpo New Broad Gauge (BG) Rail Line project under the Northeast Frontier (NF) Railway. The awarded contract is domestic in nature and falls under the category of “works.” The project is expected to be executed by March 28, 2026. According to the disclosure, there is no involvement of the promoter group or related parties in this contract, ensuring that the transaction is conducted at an arm’s length basis.
The official work order was received on March 28, 2025, at 20:00 hours. This development is in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and adheres to the latest SEBI circular issued on July 13, 2023. The order is expected to bolster RailTel’s revenue and reinforce its standing as a key player in railway telecommunication infrastructure. The information has been formally disclosed to the concerned authorities for record purposes, ensuring transparency and compliance with regulatory norms.
Key Details of This Order:
| Parameter | Details |
|---|---|
| Company | RailTel Corporation of India Ltd. |
| Client | Ircon International Limited |
| Project Name | Integrated Tunnel Communication System |
| Sector | Railway Telecommunications |
| Rail Line | Sivok-Rangpo New Broad Gauge (BG) Rail Line |
| Railway Zone | Northeast Frontier (NF) Railway |
| Contract Value | ₹1,62,58,96,785 (inclusive of taxes) |
| Contract Type | Works (Domestic) |
| Work Order Date | March 28, 2025 (20:00 hours) |
| Expected Completion Date | March 28, 2026 |
| Promoter Group Involvement | No |
| Regulatory Compliance | SEBI Regulation 30, SEBI Circular (July 13, 2023) |
| Expected Impact | Revenue Growth, Strengthened Market Position |
For Order Details Click Here
Railtel Corporation Share Price
On Friday, RailTel Corporation’s share price experienced a decline of 1.41%, closing at ₹303.75 on the NSE. The stock opened at ₹307.00 but faced selling pressure, reaching an intraday low of ₹301.50. Despite this, it managed to hit a high of ₹318.75 during the session. Compared to the previous close of ₹308.10, the stock showed some volatility but ultimately ended lower. This movement suggests a mixed sentiment among investors, possibly reacting to recent company developments or market trends.
Disclaimer: This content is intended solely for educational and informational purposes and should not be interpreted as financial or investment advice. The information presented is derived from publicly available sources and independent analysis; however, its accuracy or completeness is not guaranteed. Readers are encouraged to conduct their own due diligence and seek guidance from a professional financial advisor before making any investment decisions. Neither the author nor stoxmail.com assumes responsibility for any financial losses or investment actions taken based on this article.