Business Update8 May 2026, 11:49 am
RailTel Bags ₹24.91 Cr Order from New India Assurance
AI Summary
RailTel Corporation of India Ltd. has received a purchase order from The New India Assurance Company Ltd. for the procurement of an AI/ML-based solution for monitoring and investigation of fraud, waste, and abuse of health insurance claims. The order, valued at ₹24,91,19,240 (including tax), is a domestic contract and is to be executed by May 6, 2029. This order does not involve any related party transactions or promoter interest.
Key Highlights
- RailTel receives ₹24.91 Cr purchase order from New India Assurance.
- The order is for an AI/ML solution to monitor health insurance claims.
- The project is domestic and to be completed by May 6, 2029.
- No related party transactions or promoter interest is involved.