Legal14 Jan 2026, 02:01 am
RailTel Corporation of India Ltd. Loses Rs. 2,62,14,38,750 Order from Bihar Education Project Council
AI Summary
RailTel Corporation of India Ltd. has announced the cancellation of an order worth Rs. 2,62,14,38,750 from M/s. State Project Director, Bihar Education Project Council. The order was for Procurement, Supply and Installation of Smart Classrooms at Government Middle Schools in Bihar. The cancellation was due to some unavoidable reasons as per the company's disclosure.
Key Highlights
- RailTel Corporation of India Ltd. has lost an order worth Rs. 2,62,14,38,750 from Bihar Education Project Council.
- The order was for Procurement, Supply and Installation of Smart Classrooms at Government Middle Schools in Bihar.
- The cancellation was due to some unavoidable reasons as per the company's disclosure.
- The order was received through a Letter of Acceptance ('LOA') from the Customer.
- The cancellation of the order may impact the company's financial performance.