Business Update23 May 2026, 01:31 pm
RailTel Bags ₹31.21 Cr Order from Newspace India
AI Summary
RailTel Corporation of India Ltd. has received a Letter of Intent (LoI) from Newspace India Limited (NSIL) for the supply, installation, commissioning, operation, and maintenance of IT infrastructure upgrades. The estimated order size is ₹31,21,42,210 (excluding tax), and the project is to be executed by January 31, 2027. This order was received on May 22, 2026, at 18:32.
Key Highlights
- RailTel receives LoI from Newspace India Limited (NSIL).
- Order involves IT infrastructure upgrades for NSIL.
- The order is valued at ₹31.21 Cr (excluding tax).
- Project completion deadline is January 31, 2027.
- The order was received on May 22, 2026.
Price Impact
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