RailTel's ₹17.13 Crore Work Order from Navodaya Vidyalaya Samiti Cancelled
RailTel Corporation of India Ltd. announced the cancellation of a work order from Navodaya Vidyalaya Samiti. The order, initially valued at approximately ₹17.13 crore, was cancelled due to administrative reasons. The company had secured this order on January 29, 2025.
The work order represented a substantial amount (₹17.13 crore), and its cancellation will likely have a noticeable, though not crippling, effect on the company's financials and future projects.
The cancellation of a significant work order negatively impacts the company's expected revenue and business prospects.
RailTel Corporation of India Ltd. has informed the stock exchanges about the cancellation of a work order previously awarded by Navodaya Vidyalaya Samiti. The company had initially received this work order on January 29, 2025, with an estimated value of ₹17,12,80,662/- (including tax).
The cancellation is due to unavoidable administrative circumstances on the part of the customer. This intimation is made pursuant to Regulation 30 read with Part A (B) of Schedule III of 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 other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Railtel Corporation Of India Limited. Read the original for the full detail.