RailTel Corporation of India shares rose 2.23% to ₹292.25 following the announcement of a significant contract win. According to reports from Business Standard, the company secured a ₹43.90 crore work order from the Office of the Inspector General of Police (Provisioning), Odisha Police. The contract involves the engagement of 170 experts, comprising IT experts, cyber forensic experts and finance & account analysts, for the Cyber Crime and CC & EO Police Stations of Odisha Police.
As reported by Business Standard, the order is scheduled to be executed by 30 August 2029. The company confirmed that the order has been awarded by a domestic entity. RailTel emphasized that neither its promoter/promoter group nor group companies have any interest in the awarding authority, and the contract does not constitute a related party transaction.
According to Business Standard, RailTel Corporation of India was incorporated in 2000 with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks to modernize the train control operation and safety system of Indian Railways. The company's standalone net profit jumped 35.7% to ₹143.52 crore in Q4 FY26, compared with ₹105.78 crore in Q4 FY25. Revenue from operations rose 27.6% YoY to ₹1,668.86 crore in Q4 FY26.
