Railtel bags Rs 107.60 crore work order from Mahanadi Coalfields
RAILTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Railtel has secured a work order worth Rs 107.60 crore (including tax) from Mahanadi Coalfields Limited, a Coal India subsidiary. The order involves setting up an MPLS VPN Network for MCL on a rental basis over 60 months, to be executed by June 2031. The order is domestic and not a related party transaction. Revenue will be recognized over the 5-year rental period, providing steady visibility.
Adds to order book from a government PSU; steady 5-year rental revenue stream. Modest positive for stock.