ChatGPT said:
Techno Electric & Engineering Company Limited has been chosen by RailTel Corporation of India Ltd., a “Navratna” Central Public Sector Enterprise, to partner as the Managed Service Data Centre provider. This partnership was formed through an open tender process where Techno Electric was selected to develop a 10MW Data Centre on RailTel’s land in Noida. The project will be carried out in phases and is subject to certain conditions outlined in the Letter of Intent and the signing of a Contract Agreement.
The contract involves a revenue-sharing model, where Techno Electric will operate the data centre over a period of 30 years, which includes a 24-month implementation phase. The agreement may be extended further if both parties agree. Since the contract is based on a percentage of revenue, the exact financial details are not fixed at this stage. The project is domestic in nature, with no involvement or interest from promoters or related parties of either company that would require disclosure as related party transactions.
The award was formally dated May 31, 2025, at 4:00 PM IST. Techno Electric has explained that the announcement was delayed because they usually wait until the Contract Agreement is signed to confirm the award officially. This delay was strategic rather than intentional.
