On November 19, 2024, RailTel Corporation of India Ltd. (RailTel) announced the receipt of a work order from the Central Medical Services Society (CMSS), under the Ministry of Health and Family Welfare, for Manpower Outsourcing Services. This order is valued at ₹9.93 Crores (inclusive of taxes) and is a significant contract for RailTel in the public sector outsourcing space.

Contract Details

• Entity awarding the contract: Central Medical Services Society (CMSS), a division under the Department of Health and Family Welfare, Ministry of Health and Family Welfare.
• Nature of the contract: RailTel will provide Manpower Outsourcing Services, with the contract set to be executed by December 2026.
• Contract value: The total consideration amounts to ₹9.93 Crores (including taxes).

Execution and Timeline

The contract is scheduled to be executed by December 2026, marking a key opportunity for RailTel to enhance its service offerings in the healthcare sector. This domestic contract highlights RailTel's growing presence in the Indian public sector.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, RailTel disclosed the receipt of this work order under the relevant provisions. The SEBI Circular for disclosure of major contracts was also adhered to, ensuring transparency in reporting.

Key Points:

• No related party involvement: The order was awarded on arms' length terms with no interest from the promoter group or related parties.
• Timely reporting: The order was received on November 19, 2024, at 15:40 HRS, with no delay in reporting.
• No regulatory approvals required: This is a domestic order, so no external regulatory approvals are needed.

This order not only strengthens RailTel's portfolio in outsourcing services but also reinforces its role in enhancing public healthcare infrastructure through strategic collaborations.

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