Business Update10 Aug 2026, 09:00 pm
RailTel Secures ₹119 Cr Cloud Services Order from Dept. of Posts
AI Summary
RailTel Corporation of India Ltd. has received a significant work order from the Department of Posts for the provisioning and management of cloud services for Postal Life Insurance. The order, valued at ₹1,19,18,68,499 (including tax), is to be executed by September 21, 2026. This contract falls under the 'Business Update' category as it represents a new operational contract award. The company has confirmed no promoter interest or related party transactions involved in this domestic order.
Key Highlights
- RailTel awarded ₹119 Cr cloud services contract by Department of Posts.
- Order covers provisioning and management of cloud services for Postal Life Insurance.
- Execution deadline for the contract is September 21, 2026.
- The contract is a domestic award with no promoter/related party interest.
Price Impact
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