New Delhi: RailTel Corporation of India Ltd, a Mini Ratna PSU under the Ministry of Railways, has secured a work order worth ₹10.27 crore from Indian Overseas Bank (IOB). The information was shared via an official exchange filing by the company. However, specific details about the nature of the tender or project scope have not yet been made public.
According to the filing, the contract is scheduled for execution until August 7, 2025, indicating a tight implementation window of less than one month from now. The project marks another milestone in RailTel’s growing portfolio of digital transformation projects across banking and government sectors.
Read also: RailTel Secures Rs17.47 Crore Project from Chhattisgarh Government for ICT Infrastructure
Stock Market Reaction
Following the announcement, RailTel’s shares traded 0.71% higher at ₹411.00 on the stock exchange. The company maintains a robust market capitalization of ₹13,190 crore and a Price-to-Earnings (P/E) ratio of 44, reflecting investor confidence in its long-term digital infrastructure roadmap.
RailTel continues to be a key player in providing telecom and ICT services to government bodies and enterprises, leveraging its extensive fiber optic network and experience in turnkey projects.
Awaiting More Details
While the financial value and client of the tender have been disclosed, further details regarding the project deliverables, technology components, or services involved are awaited. This contract adds to RailTel’s growing credentials as a preferred implementation agency for banks and public sector organizations in India’s digital transformation landscape.
Read also: RailTel Secures Rs96.99 Crore Smart Warehousing Contract from Central Warehousing Corporation
About RailTel
RailTel, a “Navratna” Central Public Sector Enterprise, is a leading provider of Information and Communication Technology (ICT) services in India, operating a nationwide optical fiber network. It was formed in 2000 to modernize railway communications and provide broadband and multimedia services using railway tracks’ right-of-way. RailTel’s services include broadband telecom, multimedia networks, and IT & ICT solutions, including data center services and Wi-Fi. RailTel boasts a vast optical fiber network, with over 61,000 route kilometers and 21,000 kilometers of citywide access.
