In a regulatory filing, RailTel informed that the order is for services and falls under the scope of domestic contracts. The nature of the order is service-based and will be executed over a period ending on July 31, 2028. The work order was officially received on August 1.
“Pursuant to Regulation 30 read with Part A (B) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that RailTel Corporation of India Ltd. (“the Company”) has received the Advance work order from Bharat Sanchar Nigam Limited for Services amounting to Rs. 1,66,38,00,000 (Including Tax),” the company said in an exchange filing.
The company has also informed that the contract does not involve any related party transactions, and there is no promoter group interest in the awarding entity.
RailTel share price performance
Over the last one year, the stock has declined by 28.68%. On a year-to-date (YTD) basis, it has fallen by 12.66%, while over the past six months, it is down by 6.68%. In contrast, the stock has gained 19.39% in the last three months but registered a 17.06% decline over the past one month.
On Friday, the shares of RailTel closed 3.7% lower at Rs 353.70 on the BSE.
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