RailTel has recently informed exchanges that the company has secured ₹24.5 crore CAMC order from Haryana State Electronics Development Corporation.
Key Highlights of the Order:
- Awarding Entity: Haryana State Electronics Development Corporation Limited (HARTRON), a state-owned enterprise, entrusted RailTel with this major project.
- Nature of Work: The contract involves CAMC services, showcasing RailTel’s robust capabilities in providing reliable and efficient ICT solutions.
- Significant Terms: As per the Letter of Intent (LOI), RailTel is required to furnish a Performance Bank Guarantee (PBG) amounting to 3% of the total project value within 10 days of receiving the LOI.
- Execution Timeline: The contract is set to span until December 31, 2029, underlining RailTel’s long-term commitment to delivering excellence.
- Contract Value: The project is valued at ₹24.5 crore, inclusive of applicable taxes.
