Deals23 Mar 2024, 04:37 pm
RailTel Corporation of India Ltd Receives Work Order for VMWare Virtualization Licenses Worth Rs. 36.36 Crores
AI Summary
RailTel Corporation of India Ltd has announced the receipt of a work order from Centre For Development Of Advanced Computing for VMWare virtualization licences with 3years support, worth Rs. 36,35,99,985 (Including Tax). The order's significant terms and conditions include a performance security of 5%, payment of 65% on supply of licences, 25% on successful completion, and 10% after overall acceptance. The order is considered domestic and is not related to any party transactions.
Key Highlights
- RailTel Corporation of India receives work order for VMWare virtualization licences
- Work order valued at Rs. 36.36 crores (Including Tax)
- Payment terms: 65% on supply, 25% on successful completion, 10% after overall acceptance
- No related party transactions mentioned