Railtel Corporation Secures Major ITMS Project for Government of Karnataka
Railtel Corporation Of India Limited announced that it has received a Letter of Intent (LoI) for a significant ITMS Project for the Transport Department Government of Karnataka. The development marks a major operational update for the railway technology firm.The Letter of Intent was received from the Additional Commissioner For Transport, Enforcement (South).
The project award details confirm that the contract is domestic in nature and relates to the ITMS Project for the Transport Department Government of Karnataka. The estimated size of the order, inclusive of tax, is Rs. 49,67,21,000/-.
Key details regarding the contract and the receipt of the LoI are outlined below:
| Detail | Information |
|---|---|
| Awarding Entity | Additional Commissioner For Transport, Enforcement (South) |
| Project Name | ITMS Project for Transport Department Government of Karnataka |
| Order Nature | Domestic |
| Estimated Order Size | Rs. 49,67,21,000/- (Including Tax) |
| Execution Period | Until 03-NOV-26 |
| LoI Received Date | 04-MAY-26 |
The corporate announcement confirming the secured contract follows the date of May 05, 2026.
RAILTEL Stock Price Movement
Today, Railtel Corporation Of India Limited shares edged higher to close at ₹340.5, gaining 1.43% in post-market trading. The stock finished well above its day's low, supported by robust activity that saw total trading volume reach 3.60 million 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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