New Delhi: RailTel Corporation of India Limited has received a Letter of Intent (LoI) from Prasar Bharati (Broadcasting Corporation of India), Director General, Doordarshan, for providing additional features and services on the existing WAVES OTT platform.
The order is valued at approximately ₹63.15 crore, including taxes. RailTel disclosed the development on September 16, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
RailTel ₹63.15 Crore WAVES OTT Order: Key Details
The LoI covers additional features and services to be provided on the existing WAVES OTT platform.
Key details of the order include:
- Order Value: ₹63,15,14,433, including taxes
- Client: Prasar Bharati, Broadcasting Corporation of India
- Nature of Work: Service contract for additional features and services on WAVES OTT
- Order Type: Domestic
- Date of LoI: September 16, 2026
- Execution Timeline: Up to February 11, 2029
The company said the order does not fall under related party transactions. It also stated that the promoter or group companies have no interest in the awarding entity.
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RailTel Makes Regulatory Disclosure Under SEBI Rules
RailTel disclosed the receipt of the LoI under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company is required to execute the order by February 11, 2029.
The contract further expands RailTel’s role in providing technology and digital services for public-sector platforms.
RailTel Q1 FY27 Financial Performance
RailTel also reported its financial performance for the first quarter of FY27.
The company’s standalone net profit marginally declined 0.48% to ₹65.78 crore in Q1 FY27, compared with ₹66.10 crore in Q1 FY26.
However, revenue from operations increased significantly during the quarter.
- Q1 FY27 Revenue: ₹893.27 crore
- Q1 FY26 Revenue: ₹743.83 crore
- Year-on-year growth: 20.09%
RailTel Share Price
Shares of RailTel Corporation of India closed flat at ₹252.55 on the BSE.
The latest order from Prasar Bharati adds to RailTel’s portfolio of technology and digital infrastructure projects and further expands its role in supporting digital services for public-sector organisations.
About RailTel Corporation of India
RailTel Corporation of India was incorporated in 2000 to develop a nationwide broadband, VPN, telecom and multimedia network and support the modernisation of train control and safety systems of Indian Railways. It is a Navratna public sector undertaking (PSU) under the Government of India. RailTel’s network currently passes through around 6,000 railway stations across the country and covers major commercial centres.
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