RailTel Corporation Share Price Gains After Securing Modernisation Order from Maharashtra Government

RailTel Corporation of India Ltd has announced the receipt of a Letter of Intent (LoI) for a large scale government modernisation project, strengthening its order pipeline in the digital infrastructure segment. 

The contract, awarded by the Inspector General of Registration under the Government of Maharashtra, involves upgrading office operations and document management systems.

The development highlights continued public sector investment in digitisation and administrative modernisation initiatives.

RailTel Secures Government Modernisation Contract

RailTel Corporation of India Ltd, in consortium with Ashoka Buildcon Ltd, has received a Letter of Intent from the Inspector General of Registration for the modernisation of offices operated by the Inspector General of Registration and the Controller of Stamps in Maharashtra.

The project involves selecting a Managed Service Provider (MSP) to upgrade operational infrastructure and digitise document handling processes across registration offices.

Scope of the Project

The contract focuses on modernising administrative systems through large scale scanning and digital processing of registered documents. The initiative is aimed at improving efficiency, accessibility and long term record management within the state’s registration framework.

Under the agreement, the consortium will support document digitisation and operational transformation through technology enabled services.

RailTel Corporation Order Size and Financial Implications

As per the Letter of Intent, the accepted scanning rate is ₹24.75 per page, where each page refers to a single sided scanned document. 

While the LoI does not specify a fixed contract value, historical data referenced in the tender indicates an average scanning volume of approximately 9.18 crore pages annually over the past five years.

Based on these estimates, the expected financial impact over the five year execution period is projected at around ₹1,136.18 crore, although actual revenues may vary depending on document volumes processed.

RailTel Project Execution Timeline and Regulatory Disclosure

The contract is domestic in nature and is scheduled for execution until 19 March 2032. The company confirmed that neither promoters nor group entities have any interest in the awarding authority, and the order does not qualify as a related party transaction.

RailTel disclosed that the Letter of Intent was received on 20 February 2026 at 15:23, in compliance with SEBI listing regulations governing material corporate announcements.

RailTel Corporation of India Share Price Movement

Following the announcement, RailTel Corporation of India Ltd shares traded higher during morning trade on 23 February 2026. The stock was quoted at ₹328.20, up ₹3.85 or approximately 1.19% compared with the previous closing price of ₹324.35. 

During the session, the stock touched an intraday high of ₹338.00 after opening at ₹334.00.

Read More: RailTel Secures ₹35.54 Crore Railway Signalling Project from NCR.

Conclusion

The newly secured modernisation project reflects RailTel’s continued participation in government led digitisation initiatives and public infrastructure upgrades. With a long execution timeline and scalable revenue potential linked to document volumes, the contract adds visibility to the company’s order book while reinforcing the growing role of technology driven solutions in administrative services.

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