RailTel bags Rs 16.2 crore O&M order from Haryana state agency

Govt Defence OrderBusiness Updates View source PDF Explain this filing

RAILTEL · price

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On the reaction day the stock moved in line with Nifty Smallcap 250 and 0.1 pts less than its Telecom - Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

RailTel Corporation secured a work order worth Rs 16.20 crore (including tax) from Haryana State Electronics Development Corporation. The order is for Operation and Management of Haryana State Wide Area Network as Managed Service Provider, to be executed by 31 December 2027. It is a domestic contract with no related party interest.

Likely market impact

Small positive. Rs 16.2 crore order adds to order book; modest size relative to RailTel's overall revenue base.