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The latest announcement is out from RailTel Corp. of India Ltd. ( (IN:RAILTEL) ).
RailTel Corporation of India has disclosed that a previously secured Letter of Acceptance from the Bihar Education Project Council for the procurement, supply and installation of smart classrooms in government middle schools across Bihar, with an estimated value of about Rs 262.14 crore, has been cancelled by the customer due to unspecified unavoidable reasons. The cancellation removes a significant prospective contract from RailTel’s order book, potentially affecting its near-term revenue visibility from the education digitalisation segment, and underscores the execution and policy risks associated with large government-led ICT and smart classroom projects.
More about RailTel Corp. of India Ltd.
RailTel Corporation of India Ltd. operates in the telecom and information and communication technology (ICT) sector, leveraging its pan-India optic fiber network, primarily built along railway tracks, to offer broadband, network infrastructure, and managed services to government entities and enterprises.
Average Trading Volume: 99,426
Technical Sentiment Signal: Sell
Current Market Cap: 110.3B INR
See more data about RAILTEL stock on TipRanks’ Stock Analysis page.