RailTel Secures ₹115.2 Crore Services Contract from Power Grid Corporation of India
RailTel Corporation of India has received a ₹115.2 crore services contract from Power Grid Corporation of India. The project, announced via a Letter of Intent, is expected to be executed until September 10, 2034, contributing to RailTel's revenue visibility. The contract was awarded under standard commercial terms, with no related party interests involved.
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RailTel Corporation of India Limited has secured a services contract valued at ₹115.2 crore from Power Grid Corporation of India Limited. The project, confirmed through a Letter of Intent, will run until September 10, 2034.
This long-term engagement will involve ongoing operational responsibilities across multiple phases, enhancing RailTel's revenue visibility. The contract was awarded under standard commercial terms, with no interests from promoters or related parties. The order strengthens RailTel's project portfolio with significant government-linked infrastructure organizations.
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