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.
Awaiting price reaction for this filing.
RailTel, in consortium with Ashoka Buildcon, has received a Letter of Intent from the Inspector General of Registration, Government of Maharashtra. The order involves selecting a Managed Service Provider (MSP) to modernize the offices of IGR and Controller of Stamps. The contract is for 5 years (executable by March 2032) and is entirely domestic. The expected financial impact is approximately Rs 1,136.18 Crores over the contract period, based on a rate of Rs 24.75 per scanned page and an average of 9.18 crore pages per year. The actual value may vary as the LoI does not state a fixed consideration.
This is a sizable order worth roughly Rs 1,136 Crores over five years (~Rs 227 Cr per year), which is a meaningful addition to RailTel's annual revenue and provides strong multi-year revenue visibility. The stock is likely to see a positive reaction given the large order size and government client.