RailTel Corporation of India Ltd, a state-owned railway PSU, announced on Wednesday (June 11) that it has secured a ₹119.49 crore work order (inclusive of taxes) from South Eastern Coalfields Limited (SECL). The order is for providing managed bandwidth services under an operating expenditure (opex) model.
In a filing with the stock exchange, RailTel confirmed the receipt of the order, valued at ₹11,94,89,669, including taxes.
The project will involve deploying a managed bandwidth service through an MPLS VPN network to facilitate live streaming and storage of CCTV footage from SECL’s mines in Madhya Pradesh and Chhattisgarh.
The contract is expected to be completed over the next three years, with a deadline of June 5, 2028.
In addition, RailTel recently received a Letter of Intent (LoI) from the Motor Vehicles Department of Maharashtra. The estimated order size is ₹274.40 crore, with the final contract value to be determined once the purchase order is issued.
Under the Maharashtra project, RailTel will design, implement, operate, and maintain an Intelligent Traffic Management System (ITMS) for various blackspots and vulnerable areas in the Vidarbha circle. The project will span 10 years, concluding by September 4, 2036.
At the end of the trading day, RailTel shares closed at ₹456.40, down by ₹7.40, or 1.65%, on the Bombay Stock Exchange (BSE).
