RailTel Corporation Secures Major Order for Minor Minerals Monitoring IT Solution
RailTel Corporation of India Ltd. has announced the receipt of a Letter of Intent (LoI) from the Divisional Commissioner, Konkan Division, securing a significant contract for developing and maintaining integrated IT solutions.The agreement concerns the selection of a System Integrator for the Development and Maintenance of an Integrated IT solution aimed at monitoring minor minerals. This domestic contract was finalized on April 15, 2026, with the order receipt registered at 17:13 IST.
The financial scope of the agreement, as detailed in the LoI, specifies an estimated size of order amounting to Rs. 1,00,00,00,000/- (Excluding Tax). This contract is earmarked for a period concluding on April 14, 2031.
Key operational and financial details of the awarded contract include:
| Detail | Description |
|---|---|
| Awarding Entity | Divisional Commissioner, Konkan Division |
| Nature of Work | Selection of System Integrator for Development and Maintenance of Integrated IT Solution for Monitoring of Minor Minerals |
| Contract Size | Rs. 1,00,00,00,000/- (Excluding Tax) |
| Type | Domestic |
| Implementation Period | 14-APR-31 |
| Relation to Promoter | None |
| Order Receipt Date | 15-APR-26 |
RAILTEL Stock Price Movement
On Wednesday, shares of Railtel Corporation Of India Limited rallied, settling at ₹336.73 and gaining a substantial 16.92% for the session. The equity saw heavy market participation, recording a total traded volume of 69.54 million shares during the trading period.Source:
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