The project entails selecting a system integrator to monitor minor minerals, encompassing both the development and upkeep of the IT solution. The contract is of a domestic nature.
According to the Letter of Intent, the estimated value of the order is ₹100 crore, not including taxes. The project execution timeline lasts until April 14, 2031. RailTel confirmed that there is no interest from any promoters or group companies in the awarding entity, and the contract is not classified as a related party transaction.
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On the previous day, RailTel Corporation of India announced it received a Letter of Acceptance (LoA) from Rail Vikas Nigam Limited for a contract worth ₹255.27 crore, including tax, for implementing integrated tunnel communication systems.
This contract is for Package 2, which involves supplying, installing, testing, and commissioning integrated tunnel communication systems in tunnels T-8 to T-11 and four stations, covering a total section length of 36 km. The scope includes VHF simplex systems, CCTV systems, public address systems, and emergency call points.
The order has been awarded by a domestic entity and is categorized as a domestic contract. The project timeline extends until April 12, 2028. RailTel reported that the work order was received on April 13, 2026, at 20:59.
Also Read: RailTel secures ₹4,550 crore West Central Railway order, enhancing its project portfolio
Shares of RailTel Corporation of India Ltd closed at ₹336.65, increasing by ₹52.20, or 18.35%, on the BSE.
