RailTel Corporation of India Ltd has announced the acquisition of a substantial order from Power Grid Corporation of India Limited. This development marks a significant milestone for RailTel, as it continues to expand its service offerings within the domestic market.
On March 10, 2026, RailTel received a Letter of Intent (LoI) from Power Grid Corporation of India Limited. The order, valued at ₹1,15,20,49,000 (₹115.20 crore) including tax, is a domestic contract focusing on service provision.
RailTel is expected to execute this order by September 10, 2034, as per the terms outlined in the Notification of Award (NOA-1 and NOA-2).
This order does not involve any related party transactions, and there is no interest from the promoter group or related companies in Power Grid Corporation. The transaction was reported promptly, with no delays in disclosure.
RailTel's successful acquisition of this order underscores its growing presence in the domestic services sector.
The collaboration with Power Grid Corporation, a prominent entity in the energy sector, is poised to enhance RailTel's portfolio and operational capabilities.
Read More: RailTel Secures ₹26.7 Crore OFC Project from South East Central Railway!
The contract is scheduled for completion by September 10, 2034, providing RailTel ample time to deliver on its commitments. The financial consideration for this order is substantial, reflecting the scale and importance of the project.
As of March 11, 2026, at 10:44 AM, RailTel of India share price on NSE was trading at ₹292.00 up by 1.25% from the previous closing price.
RailTel's recent order from Power Grid Corporation highlights its strategic growth in the domestic market. With a significant contract value and a clear execution timeline, RailTel is positioned to strengthen its service offerings and reinforce its market presence.
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Published on: Mar 11, 2026, 11:10 AM IST
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