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RailTel Corp. of India Ltd. ( (IN:RAILTEL) ) has shared an announcement.
RailTel Corporation of India Ltd. has disclosed that a major order from the Bihar Education Project Council (BEPC) for the procurement, supply and installation of smart classrooms in government secondary and senior secondary schools across Bihar has been cancelled by the customer due to unspecified unavoidable reasons. The Letter of Acceptance, originally communicated in September 2025, had an estimated value of about Rs 257.5 crore, and its cancellation removes a significant project from RailTel’s execution pipeline, potentially affecting its anticipated revenues from the education-focused ICT solutions segment and signalling a setback in its efforts to deepen its presence in large state-level digital classroom projects.
More about RailTel Corp. of India Ltd.
RailTel Corporation of India Ltd. is a government-owned telecommunications and ICT infrastructure provider focused on leveraging Indian Railways’ optical fibre network to deliver broadband, networking and digital services to government bodies, enterprises and institutions across India.
Average Trading Volume: 99,426
Technical Sentiment Signal: Sell
Current Market Cap: 110.3B INR
For an in-depth examination of RAILTEL stock, go to TipRanks’ Overview page.