RailTel Corporation of India Ltd., a Navratna PSU, has secured a significant contract from Adani Connex Private Limited for the Advanced Smart Metering Infrastructure Project. This project, valued at ₹134,46,83,608, marks another milestone for RailTel as it continues to expand its service offerings in the field of digital infrastructure. This order reaffirms RailTel's position as a key player in the Indian digital infrastructure space.

The project is set to span ten years, commencing from September 27, 2024, and continuing until September 26, 2034. This long-term contract reflects the growing reliance of domestic industries on digital solutions to modernize their infrastructure and deliver advanced technological services. RailTel's involvement in this large-scale initiative, particularly in smart metering, is expected to generate substantial value over the contract period, establishing the company as a leader in next-gen infrastructure projects.

Adani Connex Private Limited is a joint venture between Adani Enterprises and EdgeConneX, focusing on building data centers and digital solutions across India. With this contract, RailTel will be providing critical services aimed at developing smart infrastructure solutions to meet India’s growing demand for advanced technology integration in the energy sector.

The project aims to implement an advanced smart metering system, enabling efficient energy management and providing seamless connectivity to millions of meters across the country. With such initiatives, RailTel is not only strengthening its footprint in digital infrastructure but also contributing to India's broader goals of becoming a digitally empowered society.

RailTel, which has long been a pioneer in offering broadband and VPN services over a vast fiber-optic network, is now focusing on expanding its services to cater to the rising demand for next-gen digital solutions. This project is another stepping stone towards strengthening RailTel's portfolio in sectors such as telecommunications, smart infrastructure, and cloud-based services.

The receipt of the work order from Adani Connex Private Limited was formally acknowledged on September 27, 2024, at 16:15 Hrs, as per the company’s official disclosure. The total consideration for this project is ₹134.47 crore, a notable addition to RailTel’s growing list of contracts. The contract has been awarded by a domestic entity, further establishing RailTel’s dominance in the Indian PSU landscape.

RailTel has clarified that this order is not a related party transaction, and the promoters of RailTel have no interest in Adani Connex Private Limited. The company also emphasized that the project will be executed within the specified timelines and in compliance with the contractual terms set by Adani Connex.

This announcement follows a string of strategic moves by RailTel to bolster its presence in India's growing digital infrastructure market. Earlier this year, RailTel also bagged contracts for cloud services and data center management, proving its expertise in both the public and private sectors.

As RailTel continues to expand its portfolio, it remains committed to enhancing technological solutions that drive growth and foster development in key sectors. For investors, this new order represents an exciting opportunity to capitalize on RailTel's growing influence in the digital landscape, as the company positions itself for sustained growth over the next decade.

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