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The contract is scheduled to be executed by 22 August 2027.
The contract has been awarded by a domestic entity, and there is no involvement or interest from the promoter, promoter group, or group companies in the awarding entity. Additionally, this contract does not fall under related party transactions and has been confirmed to be conducted on an arm’s length basis.
RailTel Corporation, a 'Navratna' PSU, is one of the largest neutral telecom infrastructure providers in the country, owning a Pan-India optical fiber network.
The company’s standalone net profit jumped 35.81% to Rs 66.10 crore in Q1 FY26, compared with Rs 48.67 crore in Q1 FY25. Revenue from operations rose 33.27% YoY to Rs 743.81 crore in Q1 FY26.
Shares of RailTel Corporation of India shed 0.65% to Rs 352.20 on the BSE.
Additionally, the company received a Rs 15.42-crore order from Odisha’s Higher Education Department for the design and development of CMS-based bilingual websites for colleges. The project is to be completed by 19 February 2026.
According to a stock exchange filing, the order is scheduled to be executed by 31 August 2030. The company also clarified that none of the promoters, promoter group, or group companies have any interest in this order. Additionally, the contract does not fall under the category of related party transactions.
RailTel Corporation a 'Navratna' PSU is one of the largest neutral telecom infrastructure providers in the country, owning a Pan-India optical fiber network.
The scrip rose 0.23% to Rs 367.30 on the BSE.