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RailTel Corp. of India Ltd. ( (IN:RAILTEL) ) has shared an update.
RailTel Corporation of India Ltd. has disclosed that the Bihar Education Project Council has cancelled a previously awarded Letter of Acceptance and work order for the supply of teaching and learning material for classes I to V in government schools across Bihar, an order that had been estimated at about Rs 90 crore. The cancellation removes a sizeable contract from RailTel’s order book, potentially tempering near-term revenue expectations from its diversification into education-related projects, though the company has not disclosed any immediate financial or operational mitigation measures in this announcement.
More about RailTel Corp. of India Ltd.
RailTel Corporation of India Ltd. is a government-owned telecommunications and ICT services provider focused on leveraging Indian Railways’ nationwide fiber network to offer connectivity, network infrastructure, and digital services to public sector entities, government projects, and institutional customers across India.
Average Trading Volume: 99,426
Technical Sentiment Signal: Sell
Current Market Cap: 110.3B INR
See more insights into RAILTEL stock on TipRanks’ Stock Analysis page.