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RailTel Corp. of India Ltd. ( (IN:RAILTEL) ) has issued an announcement.
RailTel Corporation of India has secured a major domestic contract from the Directorate of Higher Education, Himachal Pradesh, to establish a Management Information System (MIS) Central Dashboard System for Higher Education Institutions across the state. The project, valued at about Rs 20.35 crore including taxes, is scheduled to be executed over a five-year period ending in April 2031, strengthening RailTel’s role as a key digital infrastructure partner for government-led education initiatives and potentially enhancing its portfolio in the public sector ICT segment.
The order does not involve any related-party transactions or promoter interests, underscoring that it has been won on an arm’s-length basis from an independent state government entity. This win reinforces RailTel’s positioning in the domestic market for large, long-duration ICT projects and signals continued momentum in securing state-level digital transformation mandates, which can support revenue visibility and operational scale in the education vertical.
More about RailTel Corp. of India Ltd.
RailTel Corporation of India Ltd. is a government-owned telecom infrastructure provider focused on broadband and VPN services, leveraging nationwide optic fibre networks primarily along Indian Railways. The company undertakes ICT and digital transformation projects for public sector entities, with a growing presence in e-governance and education technology solutions.
Average Trading Volume: 189,678
Technical Sentiment Signal: Hold
Current Market Cap: 101.4B INR
For an in-depth examination of RAILTEL stock, go to TipRanks’ Overview page.