Previously, RailTel had obtained a Letter of Acceptance (LoA) from the Bihar Education Project Council for the procurement, supply, and installation of smart classrooms in government middle schools throughout Bihar.
The projected value of this initiative was estimated at ₹262.14 crore.
The company has now conveyed to the exchanges that the customer has cancelled the work order due to unavoidable circumstances.
Additionally, RailTel announced the loss of an order valued at ₹89.92 crore connected to the supply of teaching materials for Classes I to V in government schools in Bihar following this cancellation.
The company also revealed that the State Project Director of the Bihar Education Project Council has revoked another LoA and work order for a separate project valued at ₹257.50 crore.
Shares of RailTel Corporation closed down by 0.80% on Tuesday, settling at ₹340.80. The stock has decreased by 9% so far in 2026.
