RailTel Corporation of India Ltd. has announced the receipt of a significant work order from Indian Overseas Bank. The contract, valued at ₹10.27 crore (inclusive of taxes), was awarded through a domestic tendering process and is set to be executed by August 7, 2025.
This project falls under a point-to-point (P2P) order structure, and no promoter or group company of RailTel has any stake in the awarding entity. Additionally, the deal does not qualify as a related party transaction.
The official work order was received on July 10, 2025, at 6:00 PM. This development further strengthens RailTel’s footprint in the banking and enterprise connectivity segment, showcasing its role in delivering digital infrastructure services to major institutions across India.
In the meantime, RailTel shares closed at ₹411.00 on July 11, after opening at ₹405.90. During the day, the stock touched a high of ₹411.95 and a low of ₹405.60. The company’s 52-week high stands at ₹617.80, while the 52-week low is ₹265.50.
