Railtel Corp receives work order from the Maharashtra government

In order to close the digital divide in the nation, RailTel Corporation of India Ltd. is essential in providing high-speed internet services to remote and rural communities. Its vast network infrastructure and dependable services have elevated it to a prominent position in India’s telecommunications sector. RailTel’s provision of state-of-the-art technology and creative solutions is fostering the expansion of the nation’s digital economy.

An award of Rs. 155.72 crore went to RailTel Corporation of India Ltd:

RailTel Corporation of India, a railway PSU, announced on September 26 that it had obtained a significant order from the Rural Development Department in Mantralaya, Maharashtra, valued at Rs. 155.72 crore (excluding taxes). Under this contract, the three significant regions of Pune, Nashik, and Konkan will host the operationalization of the Aaple Sarkar Seva Kendra (ASSK)-GP project. The work will be completed over a year, with a completion date of September 25, 2025.

Railtel Corporation of India Ltd. other projects:

Railtel announced last week that it had secured an order from the Health Insurance TPA of India Ltd. worth Rs. 48.7 crore. Orders are placed for the mobile application and integrated claims management solution portal. By June 14, 2030, completion is anticipated. Additionally, RailTel is getting ready to take part in a big government tender for locomotives that use the KAVACH system. Opened on September 19, the tender has a value of more than Rs. 7,000 crore.

Sanjai Kumar, the company’s managing director and chairman, said:

The chairman and managing director of the company, Sanjai Kumar, has stated that many more tenders are anticipated. “The Ministry of Railways in the Indian government has put a temporary hold on the LTE tender that was previously announced, presumably because they would have preferred to complete the KAVACH tenders first.

The stock of Railtel Corporation of India Ltd. is up nearly 2% today:

Railtel Corporation of India Ltd.’s stock is up almost 2% intraday today to Rs. 468.50 per share, from a high trading price of Rs. 478.80.

 Conclusion: Railtel Corporation of India Ltd. is currently concentrating on each tender and wants to complete each project in order to expand quickly in a skilled market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions