18-May-2026      07:17

RailTel bags Rs 16-cr signalling order from North Western Railway

The project involves the provision of double distant signals in the Jajiwal (JWL)-Nawa City (NAC) section of Jodhpur Division, North Western Railway.

The order has been awarded by a domestic entity and is valued at approximately Rs 15.67 crore, inclusive of taxes, according to the Letter of Acceptance (LoA).

The contract is scheduled to be executed by May 13, 2027.

RailTel said the promoter/promoter group has no interest in the awarding entity and the contract does not fall under related party transactions.

The company received the work order on May 16, 2026, at 5:55 PM.

RailTel Corporation of India was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways.

The company's standalone net profit jumped 35.7% to Rs 143.52 crore in Q4 FY26, compared with Rs 105.78 crore in Q4 FY25. Revenue from operations rose 27.6% YoY to Rs 1,668.86 crore in Q4 FY26.

The scrip fell 2.62% to end at Rs 319.95 on the BSE.

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