RailTel Corporation of India Ltd shares rose 4% to Rs 232.10 on 27 October after securing two government orders worth Rs 1,592.65 crore.

The larger contract came from the Directorate of Postal Life Insurance, which operates under the Department of Posts.

RailTel received a Letter of Award (LoA) on 26 October to act as the system integrator for an integrated management system.

Valued at Rs 1,318.84 crore (exclusive of taxes), this order represents a major contract for the firm. RailTel will handle the project over five years, with the scheduled completion date set for 1 November 2031.

The primary purpose of this system is to handle and optimize the agency’s entire information technology setup. RailTel’s role as system integrator involves coordinating the technology and services needed to deliver the project.

RailTel has also received a work order worth Rs 273.81 crore from the Cotton Corporation of India (CCI).

Under the terms of the agreement, a cloud-hosted disaster recovery platform will be deployed to protect the agency’s core software applications.

If the primary servers experience a breakdown, duplicate data records and recovery features guarantee minimal downtime for key software.

Key software platforms encompassed by the deal comprise Oracle EBS, e-Office, BITS, Cotbiz, and Kapas Kisan. RailTel must execute this project by 30 November 2031.

Both contracts are domestic orders, with a combined value of Rs 1,592.65 crore, excluding taxes. Related-Party Details and Share Price

Regulatory filings submitted by RailTel clarify that neither contract entails any promoter involvement or constitutes a related-party deal.

Both contracts focus on delivering IT management solutions and disaster recovery services to public-sector entities. They add to the company’s disclosed project work in these areas.

Because the provided data omits current quarterly growth rates and total order-book figures, no comparative growth analysis has been performed.

At 12:30 pm, on 27 October, RailTel shares traded at Rs 232.10, up Rs 8.15 or 3.64% from the previous close of Rs 223.95.

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