Announced Fri, 17 Jul · 16:41 IST
RailTel faces Rs 60.26 Cr arbitration claim from 3i Infotech over Wi-Fi contract
Regulatory & Legal View source PDF
RAILTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹297.95
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.1-2.5-3.2-3.9-3.3—————
Up moveDown movePending
AI summary
RailTel informed exchanges of a new arbitration filed by 3i Infotech Limited, which is claiming Rs 60.26 Crore after RailTel terminated a contract tied to its Wi-Fi Monetisation Project, originally awarded through competitive bidding. RailTel has filed a counter-claim of Rs 91.34 Crore. The matter is before an Arbitration Tribunal, and financial impact will depend on final adjudication of claims and penalties.
Likely market impact
Early-stage arbitration with uncertain outcome. RailTel's Rs 91.34 Cr counter-claim exceeds the original claim. Watch hearings.