Railtel Secures ₹1,136 Crore Order for IGR Maharashtra Modernization
RailTel, in consortium with Ashoka Buildcon, received an LoI from Inspector General of Registration, Maharashtra. The project involves modernization of offices and scanning of documents. The contract is expected to have a financial impact of approximately ₹1,136.18 Crores over five years, with an execution period until March 19, 2032.
The order value of over ₹1,136 Crores represents a major business win for Railtel, significantly impacting its revenue and market position.
The company has secured a significant order with a substantial financial impact, which is positive for its business.
RailTel Corporation of India Ltd., in consortium with M/s Ashoka Buildcon Ltd, has received a Letter of Intent (LoI) from the Inspector General of Registration (IGR) for the modernization of offices of IGR and Controller of Stamps under the Government of Maharashtra. The project involves the selection of a Managed Service Provider (MSP).
The contract is for scanning approximately 9.18 crore pages annually over a five-year period, with an accepted rate of ₹24.75 per scanned page. The expected financial impact for the five-year contract period is approximately ₹1,136.18 Crores, though actual figures may vary. The order is domestic in nature and does not involve any interest from promoters or group companies, nor does it fall under related party transactions.
The Letter of Intent was received on February 20, 2026, at 15:23 hours. The execution period for the contract is until March 19, 2032. This disclosure is made pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Railtel Corporation Of India Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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