Railtel Corporation Of India Limited has informed the Exchange about cancellation of Letter of Acceptance/ Work Order awarded by State Project Director (SPD) Bihar Education Project Council (BEPC)
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Awaiting price reaction for this filing.
Railtel Corporation of India Limited has informed the stock exchange that a Letter of Acceptance / Work Order awarded by the State Project Director (SPD), Bihar Education Project Council (BEPC), has been cancelled. No financial value or order details have been disclosed in this filing. Railtel is a public sector undertaking under the Ministry of Railways that provides telecom and IT services across India. This cancellation represents a lost contract from a state government education body.
This is a negative development for Railtel as it removes an awarded contract from its order book, potentially affecting expected revenue from state government projects. However, without the order value disclosed, the exact financial impact on the stock remains unclear.