Deals5 Jun 2025, 11:58 am
RailTel Corporation of India Ltd Receives Order from Motor Vehicles Department, Maharashtra for Intelligent Traffic Management System
AI Summary
RailTel Corporation of India Ltd has announced that it has received a Letter of Intent (LOI) from the Motor Vehicles Department, Maharashtra. The company will design, implement, operate, and maintain an Intelligent Traffic Management System (ITMS) on various blackspots/vulnerable spots in the Vidarbha Circle for a period of 10 years. The estimated size of the order is Rs. 274.40 Cy. (in INR).
Key Highlights
- RailTel Corporation of India Ltd has received an LOI from the Motor Vehicles Department, Maharashtra.
- The company will design, implement, operate, and maintain an ITMS on various blackspots/vulnerable spots in the Vidarbha Circle for 10 years.
- The estimated size of the order is Rs. 274.40 Cy. (in INR).
- The order is domestic, awarded by a domestic entity.
- The order is not a related party transaction.