RailTel Corporation of India Limited has announced that it has secured a major service order from Power Grid Corporation of India Limited, marking another significant development in the company’s business operations.

The company disclosed that it received a Letter of Intent (LoI) for the contract on March 10, 2026, and the announcement was made through a regulatory filing with stock exchanges on March 11, 2026.

The contract, valued at approximately ₹115.20 crore (including taxes), will involve providing services under a project to be executed over several years.

The development highlights RailTel’s continued participation in large-scale infrastructure and telecom-related projects within the public sector.

Order Awarded by Power Grid Corporation of India

The contract has been awarded by Power Grid Corporation of India Limited, one of the country’s largest state-owned power transmission companies.

Power Grid plays a crucial role in India’s electricity infrastructure by managing high-voltage power transmission networks across the country.

The award of this order indicates ongoing collaboration between public sector enterprises involved in telecommunications infrastructure and power transmission networks.

RailTel confirmed that the order was issued through a Notification of Award (NOA-1 and NOA-2) issued by the awarding entity.

Estimated Value of the Contract

According to the disclosure made by RailTel, the estimated size of the order is ₹1,15,20,49,000, which is equivalent to approximately ₹115.20 crore, including applicable taxes.

This contract is classified as a services-based order, indicating that RailTel will provide specialized services rather than supplying physical infrastructure or equipment.

Large service contracts such as this are often associated with network infrastructure, communication systems, or technology integration projects.

The order contributes to RailTel’s overall project pipeline and revenue visibility over the long term.

Project Execution Timeline

The contract has a long-term execution period extending until September 10, 2034.

Such extended timelines are common for infrastructure-related service projects that involve:

• Long-term operational support

• Network management services

• Technology integration and maintenance

The extended duration allows companies like RailTel to establish stable long-term revenue streams through service agreements.

It also reflects the scale and complexity of projects undertaken by government infrastructure organizations.

Domestic Contract Details

RailTel confirmed that the order has been awarded by a domestic entity, meaning that both the awarding company and the executing company are based in India.

Key details about the contract include:

• Nature of contract: Services

• Type of entity awarding contract: Domestic

• Estimated order value: ₹115.20 crore (including taxes)

• Execution timeline: Until September 2034

The Letter of Intent for the contract was received by RailTel on March 10, 2026 at 18:43.

Such disclosures are made under regulatory requirements to maintain transparency in corporate operations and investor communication.

Confirmation of No Related Party Transaction

RailTel clarified that the order does not fall under related-party transactions.

The company also confirmed that:

• Promoters or promoter group entities do not have any interest in the awarding organization.

• The contract has been awarded through normal business arrangements.

This confirmation is important for ensuring compliance with corporate governance norms under SEBI regulations.

Regulatory Compliance and Disclosure

The announcement was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

It also follows the disclosure format prescribed in the SEBI Master Circular dated January 30, 2026, which outlines the reporting requirements for material events and corporate developments.

Listed companies in India are required to disclose major contracts, orders, or business developments that could influence investors or impact financial performance.

RailTel submitted the disclosure to stock exchanges to ensure compliance with these regulations.

About RailTel Corporation of India Limited

RailTel Corporation of India Limited is a public sector enterprise under the Ministry of Railways, Government of India.

The company operates one of the largest neutral telecom infrastructure networks in India, built primarily along railway tracks.

RailTel’s business operations include:

• Broadband and telecom infrastructure services

• Network connectivity for government institutions

• Data center and cloud services

• Digital infrastructure projects

The company plays a key role in supporting India’s digital infrastructure development, particularly in projects related to government connectivity and smart networks.

Strategic Importance of the Order

The new contract from Power Grid Corporation of India further strengthens RailTel’s presence in the government infrastructure and telecom services segment.

Collaborations between public sector companies in telecom and power sectors often focus on:

• Secure communication networks

• Infrastructure connectivity

• Operational monitoring systems

Such projects are critical for ensuring reliable communication infrastructure supporting national power transmission networks.

The order also demonstrates continued demand for technology and network-related services within large infrastructure organizations.

Conclusion

The ₹115.20 crore service contract awarded to RailTel by Power Grid Corporation of India represents another important milestone for the public sector telecom infrastructure company.

With a long-term execution timeline extending until September 2034, the project is expected to contribute to RailTel’s operational activities and strengthen its collaboration with government infrastructure entities.

By securing this order, RailTel continues to expand its presence in large-scale infrastructure and technology service projects, supporting the development of India’s critical communication and power infrastructure systems.

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