Railtel Corporation Of India Limited — New Orders, 09-12-2024: Bagging/Receiving of orders/contracts

RailTel Corporation of India Ltd. has secured a major work order from Haryana State Electronics Development Corporation Limited, valued at ₹24.5 crore. The contract pertains to Comprehensive Annual Maintenance Contract (CAMC) services, with execution scheduled to be completed by December 31, 2029. This domestic order enhances RailTel's portfolio and reflects its operational reach within the government sector. The project requires a Performance Bank Guarantee (PBG) amounting to 3% of the total project value within ten days of the letter of intent. This development could bolster RailTel's revenue streams and contribute positively to its financial outlook. Investors should monitor advancements on this contract as it unfolds.