Shares Bazaar

Railtel bags contract worth Rs 1136 crore

The order is to be executed by March 19, 2032

Railtel Corporation of India, in consortium with M/s Ashoka Buildcon, has secured a Letter of Intent (LoI) worth around Rs 1136.18 crore from Inspector General of Registration (IGR). The contract pertains to selection of MSP for Modernization of Offices of IGR and Controller of Stamps under Government of Maharashtra. The order is to be executed by March 19, 2032.

As per LoI, the accepted rate per page is Rs 24.75 (Page refers to a scanned single side page of a registered document). The consideration value is not stated in the LoI. The average number of pages scanned per years, over the last five years as per the RFP is 9.18 crore pages. Accordingly, the expected financial impact for the five-year contract period will be around Rs 1136.18 crore. However, actual figures may vary.

Railtel Corporation of India is an information and communications technology (ICT) infrastructure provider and is one of the largest neutral telecom infrastructure providers in India.