RailTel secures ₹119.5 crore contract from South Eastern Coalfields for VPN network installation in its mines.

RailTel secures ₹119.5 crore contract from South Eastern Coalfields for VPN network installation in its mines.
Railway PSU, RailTel Corporation of India Ltd, announced on Wednesday (June 11) that it has secured a work order valued at ₹119.49 crore (including taxes) from South Eastern Coalfields Limited (SECL) to provide managed bandwidth services under an operating expenditure (opex) model.

“…this is to inform that RailTel Corporation of India Ltd. (“the Company”) has received the work order from South Eastern Coalfields Limited amounting to 11,94,89,669 (Including Tax),” according to a filing with the stock exchange.

According to the exchange filing, the contract involves the deployment of managed bandwidth services through an MPLS VPN network to facilitate live streaming and storage of CCTV footage from various SECL mines situated in Madhya Pradesh and Chhattisgarh.
Also Read: RailTel Corporation shares surge 12% as revenue and profit reach multi-quarter highs in Q4
The project is set to be executed over three years, with a completion target of June 5, 2028.

Last week, RailTel Corporation of India received a letter of intent (LoI) from the Motor Vehicles Department, Maharashtra, with an estimated order value of ₹274.40 crore. The final contract amount will be confirmed upon the issuance of the purchase order, as stated in a regulatory filing by the company.

Under this contract, RailTel will design, implement, operate, and maintain an Intelligent Traffic Management System (ITMS) at various critical points and vulnerable areas in the Vidarbha region for a duration of 10 years.

The project is expected to be completed by September 4, 2036.

Railtel Corporation of India Ltd shares closed at ₹456.40, a decline of ₹7.40, or 1.65%, on the BSE.

Also Read: Techno Electric secures RailTel contract to establish a 10MW data centre in Noida, UP

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