Railtel Secures Major Domestic Order Worth Rs. 24.91 Crore for AI/ML Solution
Railtel Corporation Of India Limited, the Navratna PSU, has secured a significant domestic Purchase Order from The New India Assurance Company Ltd. The contract involves the procurement of an AI/ML Based Solution designed for monitoring and investigating Fraud, Waste, and Abuse of Health Insurance Claims.The company received the Purchase Order on May 7, 2026. The contract is classified as a domestic transaction and has an execution timeline set for May 6, 2029.
The details of the major order secured are as follows:
| Detail | Description | Value/Status |
|---|---|---|
| Awarding Entity | The New India Assurance Company Ltd. | |
| Contract Type | Purchase Order for the Procurement of AI/ML Based Solution for Monitoring and Investigation of Fraud, Waste & Abuse of Health Insurance Claims | |
| Nature of Order | Purchase Order for the Procurement of AI/ML Based Solution for Monitoring and Investigation of Fraud, Waste & Abuse of Health Insurance Claims | Domestic |
| Order Value | Total Consideration | Rs. 24,91,19,240/- Including Tax |
| Transaction Date | Date and Time of Receipt of Work Order | May 7, 2026, 18:01 |
| Execution Period | Time period for execution | May 6, 2029 |
The contract is designated as domestic, and the company confirmed that there is no interest from the promoter or promoter group in the awarding entity, nor would the transaction fall within related party transactions.
RAILTEL Stock Price Movement
As of 11:43 AM, shares of Railtel Corporation Of India Limited are slipping by 1.06% in live trading, currently at ₹344.55. The stock is witnessing significant volume, with 728,242 shares traded as the market keeps ticking through the morning session.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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