Railtel Corporation Of India Limited has informed the Exchange about Awarding of order(s)/contract(s)
RAILTEL · price
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RailTel, a Navratna PSU, has selected M/s Techno Electric & Engineering Co. Ltd. (TECL) as its Managed Service Data Centre Partner to set up a 10MW Data Centre in phases on RailTel's own land in Noida. The partnership is structured on a revenue-sharing basis through an open tender process, and a Letter of Intent (LOI) has been issued. The agreement is for a 30-year period, extendable by mutual consent. RailTel will earn a fixed percentage revenue share, but the company has stated that the financial quantum of earnings cannot be determined at this stage. The contract is with a domestic entity and does not involve related party transactions.
This signals a long-term revenue stream for RailTel from its Noida land asset, but since no financial value has been disclosed, there is limited immediate clarity on its earnings impact. Shareholders should watch for further disclosures on the expected revenue contribution from this 30-year data centre partnership.