RailTel’s ₹209.78 crore order cancelled by Bihar Education Project Council

RailTel Corporation of India Ltd. has had a work order worth ₹209.78 crore cancelled by Bihar Education Project Council (BEPC).

The

order was originally issued under the State Project Director, BEPC, for execution of the ‘Education Quality Enhancement Project’ under the PM‑SHRI initiative in Bihar, with an aim to strengthen digital and educational infrastructure.

According to RailTel’s disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the cancellation was effected due to unavoidable reasons.

RailTel now faces the task of re-evaluating its project pipeline and recognisin alternative opportunities to mitigate the impact of this cancellation.