The order, awarded on August 23, is for Project Management Consultancy (PMC) services and will be executed over two years, from August 22, 2025, to August 22, 2027.
According to the company’s disclosure, the contract has been awarded by a domestic entity and does not involve any related-party transactions.
“Pursuant to Regulation 30 read with Part A (B) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that RailTel Corporation of India Ltd. (‘the Company’) has received the work order from Rajasthan Skill & Livelihoods Development Corporation (RSLDC) for PMC amounting to Rs 13,16,25,252 (including tax),” the company said in its exchange filing.
RailTel added that the contract award falls under the normal course of business and is expected to strengthen its project management consultancy portfolio.
RailTel share price performance
Over the past year, RailTel shares have declined 24.70%, while year-to-date they are down 12.46%. In the last six months, however, the stock has gained 16.12%, even as it slipped 6.86% over the past three months. On a one-month horizon, the stock has dropped 11.90%.
On Friday, shares of RailTel Corporation closed nearly 2% lower at Rs 354.50 on the BSE.
Also read: Is Rs 4 crore enough for retirement corpus? Gurmeet Chadha gives simple calculation metric
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)