RailTel bags 10-yr order from Thane Municipal Corp for DigiThane platform

Govt Defence OrderBusiness Updates View source PDF

RAILTEL · price

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Price reaction · full curve 14 horizons · vs prior close

+3.5%1-day move

₹306.80

prior close

₹310.05

base price

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AI summary

RailTel received a Letter of Intent from Thane Municipal Corporation to serve as technology partner for the development, upgradation, implementation, operation and maintenance of the DigiThane Citizen Engagement Platform for 10 years. Estimated order size is Rs. 13.6 crore inclusive of tax, with execution deadline of June 28, 2036. Domestic order, no related party interest.

Likely market impact

Adds a long-tenure government order to the order book, though modest in size relative to RailTel's overall revenue base.