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An update from RailTel Corp. of India Ltd. ( (IN:RAILTEL) ) is now available.
RailTel Corporation of India, in consortium with Ashoka Buildcon, has received a Letter of Intent from the Inspector General of Registration, Maharashtra, to act as managed service provider for the modernization of the offices of the Inspector General of Registration and Controller of Stamps. The domestic contract, to be executed through March 2032, is based on a per-page scanning rate of Rs 24.75 and, using historic document volumes, is expected to yield about Rs 1,136 crore over five years, underscoring RailTel’s growing role in large-scale state government digitalization projects and providing a significant, long-tenor revenue opportunity.
More about RailTel Corp. of India Ltd.
RailTel Corporation of India Ltd. is a government-owned telecom infrastructure and information technology services provider focused on leveraging Indian Railways’ nationwide optic fiber network. The company offers connectivity, data center, and digital transformation solutions to public-sector clients and state governments across India, often via large, multi-year e-governance projects.
Average Trading Volume: 137,354
Technical Sentiment Signal: Sell
Current Market Cap: 107B INR
See more insights into RAILTEL stock on TipRanks’ Stock Analysis page.