New Delhi: RailTel Corporation of India Limited has received a Letter of Intent (LoI) from Power Grid Corporation of India Limited for a major service contract worth ₹115.20 crore, according to a regulatory filing submitted on March 11, 2026. This project is expected to be executed over a long-term period, with completion scheduled by 10 September 2034.
Major Service Contract Details
The order, including taxes, amounts to ₹1,15,20,49,000 and involves domestic service-related work. RailTel clarified that this contract is awarded by a domestic entity and does not constitute a related party transaction. Neither the company’s promoter nor promoter group has any interest in the entity awarding the contract.
The LoI was received on 10 March 2026 at 18:43 hours, and the disclosure was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Project Timeline and Execution
The contract is set to be executed over an extended period, with the final deadline on 10 September 2034. While the specific nature of the services has not been detailed by Power Grid, the order is expected to align with RailTel’s core expertise in telecom, internet, and broadband network services, likely focusing on network connectivity across Power Grid establishments.
Strategic Significance of the Order
This order marks a significant milestone for RailTel, reinforcing its role as a key service provider in India’s telecom infrastructure. By delivering reliable network and connectivity solutions, RailTel supports not only corporate clients like Power Grid but also enhances high-speed internet and public WiFi access across numerous locations.
About RailTel Corporation
RailTel Corporation of India Limited is one of India’s largest neutral telecom, internet, and broadband network service providers, operating high-speed internet connectivity and public WiFi at over 6,115 railway stations. Its network enables people to stream HD videos, download content, and work online at station premises, supporting India’s digital infrastructure and connectivity goals.
About Power Grid Corporation:
Power Grid Corporation of India Limited is a leading public sector undertaking (PSU) responsible for transmission of electricity across India. The company plays a critical role in strengthening the country’s power infrastructure by ensuring reliable and efficient power transmission nationwide.
