The agreement includes a flexible timeline, allowing for potential extensions subject to mutual consent between RailTel and RTNS Technology.
The transaction is purely commercial, with no involvement or interest from RailTel’s promoter or promoter group in the awarded entity. It does not constitute a related party transaction.
RailTel confirmed that the order has been reported in a timely manner, adhering to regulatory requirements.
RailTel Corporation, a "Navratna" PSU, is one of the largest neutral telecom infrastructure providers in the country, owning a Pan-India optical fiber network.
The company’s standalone net profit jumped 35.81% to Rs 66.10 crore in Q1 FY26, compared with Rs 48.67 crore in Q1 FY25. Revenue from operations rose 33.27% YoY to Rs 743.81 crore in Q1 FY26.
Shares of Railtel Corporation of India rose 0.77% to Rs 375.10 on the BSE.