Techno Electric & Engineering Company Limited has officially announced its selection as the Managed Service Data Centre Partner by RailTel Corporation of India Ltd., a “Navratna” Central Public Sector Enterprise. The appointment was made through an open tender process. This project will be executed under Techno Electric’s digital platform arm, Techno Digital, and involves designing, building, financing and operating a 10MW Data Centre in Noida.
On 31 May 2025, RailTel Corporation of India Ltd. issued a Letter of Intent to Techno Electric & Engineering Company Limited. The project will be developed in 2 phases of 5 MW each, with an execution timeline of 1.5 to 3 years. The tenure of the contract extends to 30 years, including the implementation period, and is subject to extension with mutual consent.
The project’s financial model is based on a fixed percentage of revenue sharing. As clarified in the official communication, the specific quantum of earnings cannot be determined at this stage. It was further confirmed that the order is from a domestic entity, and there is no interest or related party transaction involving the promoter group.
The 10MW Data Centre will be developed on RailTel’s land in Noida and falls under Techno Electric’s digital arm, Techno Digital. The company has been selected following an open tender process. The project involves designing, building, financing and operating the data centre on a revenue-sharing basis.
The disclosure confirmed that the delay in announcing the award was strategic, as Techno Electric typically announces only upon contract signing, which had not yet occurred. Nonetheless, the Letter of Intent has been received, subject to the fulfilment of conditions and signing of the Contract Agreement.
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As of June 04, 2025, at 1:15 PM, Techno Electric and Engineering share price is trading at ₹1,504.60 per share, reflecting a surge of 2.90% from the previous closing price.
The awarding of this major project to Techno Electric & Engineering Company Limited by RailTel underscores the company’s role in advancing India’s data infrastructure. With a long-term contract, phased development approach, and a revenue-sharing model, the initiative marks a significant step in the digital expansion of both organisations.
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Published on: Jun 4, 2025, 1:46 PM IST
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