Orders21 Oct 2026 · Tue
RAILTELRailTel Corporation of India
RailTel wins ₹47.40 crore Haryana LAN rate contract, to run to April 2028
RailTel secured a ₹47.40 crore rate contract from Haryana State Electronics Development Corporation for structured LAN systems across Haryana, Chandigarh and Delhi NCR.
Price, Monday's close₹250.50▼ 1.92%
Last 5 days
52-week low ₹245.0052-week high ₹391.00
- Sector
- Telecom and IT services
What happened
- The contract is worth ₹47.40 crore including taxes and covers supply, installation, testing and commissioning of structured LAN systems in Haryana, Chandigarh and Delhi NCR, according to Whalesbook, which published at 4:49 PM on Tuesday.
- Whalesbook put the completion date at 18 April 2028. Sahi, which published at 7:08 PM, also gave April 2028.
- Whalesbook described it as a rate contract, under which state government departments buy services as they need them, so actual revenue depends on the purchase orders the departments place.
- The shares closed at ₹250.50 on Monday, down 1.92%, per Zerodha Kite; NSE was shut on Tuesday.
Why it matters
Because it is a rate contract, ₹47.40 crore is the contract's value, not a guaranteed order, per Whalesbook.
Good to know: A rate contract fixes prices for set services over a period. The buyer is not committed to a quantity, and each department places its own orders against it.
Key facts
- Contract value
- ₹47.40 crore including taxes
- Client
- Haryana State Electronics Development Corporation
- Completion
- 18 April 2028, per Whalesbook
Read the source
This is a summary of public news about RailTel Corporation of India, for information only. It is not a recommendation to buy, sell or hold RAILTEL.
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