RailTel Corporation Secures ₹43.99 Crore LOI for Mizoram Fibre Grid Project

RailTel Corporation of India Ltd has announced a significant development in its project portfolio, having received a Letter of Intent (LOI) from Zoram Electronics Development Corporation Ltd (Zenics), a domestic entity based in Mizoram.

This LOI pertains to the implementation of the Mizo Fibre Grid Network (MFGN) Project, a major digital infrastructure initiative aimed at strengthening connectivity across the state.

Key Details of the Project

The LOI outlines RailTel’s role in executing the MFGN Project, which involves extensive fibre optic network deployment across Mizoram. The project is domestic in nature and is expected to be completed by September 5, 2026. The estimated contract value is ₹43.99 crore, based on the bid submitted, although the final value will be confirmed upon the issuance of the Purchase Order (PO).

This project aligns with RailTel’s ongoing efforts to enhance digital infrastructure in underserved regions and marks another step in expanding its presence in the North-East.

Dividend Announcement for FY 2024-25

Meanwhile, earlier this week, the Board of Directors of RailTel, in its meeting held on Sunday, June 15, 2025, recommended a Final Dividend of ₹0.85 per share (8.5% of the paid-up share capital) for FY 2024-25. This is in addition to the ₹2 per share Interim Dividend already disbursed during the year.

The final dividend is subject to shareholder approval in the upcoming Annual General Meeting (AGM). If approved, the dividend will be disbursed within 30 days from the date of declaration at the AGM.

RailTel Share Price Performance

On June 18, 2025, RailTel share price opened at ₹429.50, up from its previous close of ₹426.60. At 9:23 AM, the share price of RailTel was trading at ₹425.30, down by 0.30% on the NSE.

Also Read: RailTel’s ₹6,616 crore Order Book Signals Strong Growth Momentum in FY25!

Conclusion

RailTel’s new order win from Zenics and the attractive dividend payout reflect the company’s robust financial health and operational momentum. With strategic projects like MFGN, RailTel continues to play a key role in India’s digital transformation.

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