Railtel Corporation Secures Letter of Intent for IT Infrastructure Upgrade from Newspace India Limited
Railtel Corporation of India Limited has secured a Letter of Intent (LoI) from Newspace India Limited (NSIL) for the upgradation of IT infrastructure. The agreement covers comprehensive services including supply, installation, commissioning, operation, and maintenance for NSIL's IT infrastructure.The order is classified as a domestic contract. The Letter of Intent was received on May 22, 2026.
The total estimated size of the order, as per the LoI, is Rs. 31,21,42,210/-, excluding tax. The contract has an execution period spanning until January 31, 2027.
Key details regarding the order are summarized below:
| Parameter | Details |
|---|---|
| Awarding Entity | Newspace India Limited (NSIL) |
| Nature of Order | Supply, Installation, Commissioning, Operation & Maintenance of upgradation of IT Infrastructure for NSIL |
| Order Origin | Domestic |
| Estimated Order Size | Rs. 31,21,42,210/- (Excluding Tax) |
| Execution Period | 31-JAN-27 |
| LoI Receipt Date | May 22, 2026 |
RAILTEL Stock Price Movement
Shares of Railtel Corporation Of India Limited slipped by 0.34% on Friday, settling at ₹320.1. The equity shed ₹1.10 during the session, with the stock posting a total traded volume of 470,848 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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