Railtel Corporation Of India Limited has informed the Exchange about cancellation of an order.
RAILTEL · price
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Railtel Corporation has received cancellation of a major order from South East Central Railway worth Rs. 26,72,60,140 (approximately Rs. 26.73 crore). The order was for supply, transportation, trenching, laying, and installation of Optical Fiber Cable (OFC) and HDPE pipes. The company decided not to execute the work because the project became financially unviable due to the prevailing war situation, which caused a steep increase in prices of OFC, HDPE pipes, and other materials. Consequently, the customer (South East Central Railway) has terminated the contract.
This is a negative development as Railtel loses a significant domestic order worth Rs. 26.73 crore. The cancellation was driven by input cost inflation, not demand issues, but still impacts near-term revenue visibility for the company.