Railtel Corporation Of India Limited has informed the Exchange about Bagging/Receiving of orders/contracts
RAILTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Railtel Corporation of India has received a Letter of Intent (LoI) from Newspace India Limited (NSIL) for supply, installation, commissioning, operation and maintenance of IT infrastructure upgradation. The estimated order size is Rs. 31,21,42,210 (approximately Rs. 31.21 crore), excluding tax. This is a domestic order to be executed by January 31, 2027. The LoI was received on May 22, 2026, and the company informed the exchange on May 23, 2026. NSIL is the commercial arm of ISRO, making this a government-linked space sector order.
This is a positive development as Railtel secures a Rs. 31+ crore contract from a government-backed entity, which could boost revenue visibility for FY27. The order from NSIL (ISRO's commercial arm) indicates Railtel's capabilities in IT infrastructure services are being recognized in the government/space sector.