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.
"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."