Deals1 Feb 2025, 02:39 pm
RailTel Corporation of India Ltd Receives Order Worth INR 100 Crore from Defense PSU
AI Summary
RailTel Corporation of India Ltd has announced that it has received a work order from a defense PSU for Setting up of DC & DR Center amounting to INR 100,32,62,309 including taxes. The order was received on 31st January 2025 at 16:16. The contract period is 4 months for go-live followed by 6 years. The payment terms are quarterly invoice with a Performance Bank Guarantee (PBG) of 5%. This order is domestic in nature and the company's promoter/promoter group/group companies do not have any interest in the entity that awarded the order.
Key Highlights
- RailTel Corporation of India Ltd receives order worth INR 100 crore from defense PSU
- Order for Setting up of DC & DR Center
- Contract period of 4 months for go-live followed by 6 years
- Quarterly payment terms with 5% PBG
- No related party transactions involved