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State-owned telecom infrastructure provider RailTel Corporation of India Ltd on Tuesday (June 30) said it has secured a ₹107.6 crore work order from Mahanadi Coalfields Ltd for the establishment of an MPLS VPN (Multiprotocol Label Switching Virtual Private Network) on a rental basis.
The order, valued at ₹107,60 crore, including taxes, involves the establishment of an MPLS VPN Network for Mahanadi Coalfields for a period of 60 months. RailTel said the work order has been awarded by a domestic entity and is scheduled to be executed by June 30, 2031.
RailTel added that neither its promoter, promoter group nor group companies have any interest in the entity awarding the contract. The order does not fall within the scope of related-party transactions.
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Earlier today, RailTel Corporation of India had secured a Letter of Intent (LoI) from the Thane Municipal Corporation for a project valued at ₹13.6 crore, including taxes.
Under the contract, RailTel will serve as the technology partner for the development, upgradation, implementation, operation and maintenance of the DigiThane Citizen Engagement Platform for a period of 10 years. The contract, awarded by a domestic entity, covers 10 years and is scheduled to run until June 28, 2036.
Last month, RailTel reported its fourth quarter results with a 25% year-on-year increase in consolidated net profit to ₹142 crore for the fourth quarter of FY26, aided by strong growth in revenue. Revenue rose 28% to ₹1,669 crore, while EBITDA increased 30% to ₹233 crore, with the EBITDA margin remaining steady at 14%.
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The company's board also recommended a final dividend of ₹1.25 per share for FY26, in addition to the interim dividend of ₹2 per share already paid during the financial year.
Shares of Railtel Corporation of India Ltd ended at ₹307.65, up by ₹1.40, or 0.46%, on the BSE.
The order, valued at ₹107,60 crore, including taxes, involves the establishment of an MPLS VPN Network for Mahanadi Coalfields for a period of 60 months. RailTel said the work order has been awarded by a domestic entity and is scheduled to be executed by June 30, 2031.
RailTel added that neither its promoter, promoter group nor group companies have any interest in the entity awarding the contract. The order does not fall within the scope of related-party transactions.
ALSO READ | RailTel Corporation of India secures ₹255 crore order from RVNL for tunnel communication systems
Earlier today, RailTel Corporation of India had secured a Letter of Intent (LoI) from the Thane Municipal Corporation for a project valued at ₹13.6 crore, including taxes.
Under the contract, RailTel will serve as the technology partner for the development, upgradation, implementation, operation and maintenance of the DigiThane Citizen Engagement Platform for a period of 10 years. The contract, awarded by a domestic entity, covers 10 years and is scheduled to run until June 28, 2036.
Last month, RailTel reported its fourth quarter results with a 25% year-on-year increase in consolidated net profit to ₹142 crore for the fourth quarter of FY26, aided by strong growth in revenue. Revenue rose 28% to ₹1,669 crore, while EBITDA increased 30% to ₹233 crore, with the EBITDA margin remaining steady at 14%.
ALSO READ | RailTel bags ₹35.6 crore railway signalling order from North Central Railway
The company's board also recommended a final dividend of ₹1.25 per share for FY26, in addition to the interim dividend of ₹2 per share already paid during the financial year.
Shares of Railtel Corporation of India Ltd ended at ₹307.65, up by ₹1.40, or 0.46%, on the BSE.
