Business Update13 Aug 2026, 09:29 am
RailTel Secures ₹63 Cr Gate Automation Order from Deendayal Port
AI Summary
RailTel Corporation of India Ltd. has announced receiving a significant work order from Deendayal Port Authority for the Design, Supply, Installation, Testing & Commissioning, along with Operation and Maintenance of an Integrated Gate Automation System (IGAS) at Kandla. The contract is valued at ₹63,00,36,301 (excluding tax) and has a duration of 5 years. This order is for a domestic entity and is expected to be executed by August 16, 2031. The company has confirmed no promoter or promoter group interest in the awarding entity and that the transaction is not a related party transaction.
Key Highlights
- RailTel awarded ₹63 Cr contract for Gate Automation System.
- Order includes design, supply, installation, O&M for 5 years.
- Contract awarded by domestic entity, Deendayal Port Authority.
- Execution timeline set for August 16, 2031.
- No related party or promoter interest involved.
Price Impact
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