Shares of RailTel Corporation of India Ltd were trading 2% higher on 10 October after the company announced receiving a Letter of Intent (LoI) from the Centre for E-Governance (CEG), Karnataka, to buy back-to-back OEM support for current KSWAN 2.0 routers and switches.

The order, worth roughly Rs 18.22 crore, will be executed by 8 November 2025. The order was awarded by a domestic organisation, and RailTel’s promoters or promoter group have no involvement with CEG. The deal is not a related party transaction and is carried out at arm’s length.  

RailTel was awarded a Rs 70.94 crore contract by Nashik Municipal Smart City Development Corporation Ltd in September. The project, which is due to be finished by 31 December 2026, entails selecting an Implementation Agency to supply, lay, install, test, and commission the Nashik and Trimbakeshwar City Network Backbones, as well as provide operations and maintenance services.

The company has received a Rs 32.51 crore order from the Panvel Municipal Corporation. This contract, which is set to expire on 19 March 2031, covers the supply, installation, and services necessary to provide connection (SDWAN-based Internet Lease Line/MPLS Line) to various Panvel Safe City Project locations.

At 12:33 pm, the shares of RailTel Corporation of India were trading 0.90% higher at Rs 387.05 on NSE.

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