RailTel Corporation of India Ltd, a key player in the railway public sector undertakings, announced on Thursday, September 26, that it has successfully secured a substantial order valued at ₹155.72 crore (excluding taxes) from the Rural Development Department situated at Mantralaya, Maharashtra.
According to a filing made to the stock exchange, RailTel stated, “We are pleased to inform that we have received a work order from the Rural Development Department, Mantralaya, Maharashtra, for the operationalization of the Aaple Sarkar Seva Kendra (ASSK)-GP project across the Konkan, Pune, and Nashik regions, amounting to ₹1,55,71,67,040 (excluding tax).”
This significant contract entails the execution of the ASSK-GP project, which aims to enhance government service delivery through the establishment of service centers in three strategically important regions of Maharashtra: Konkan, Pune, and Nashik. The duration of this project is set for one year, with completion anticipated by September 25, 2025.
This endeavor reflects RailTel’s ongoing commitment to improving public service infrastructure in collaboration with the state government. In addition to this noteworthy order, RailTel announced just last week that it had secured another contract worth ₹48.7 crore from the Health Insurance TPA of India Ltd.
This particular order involves the development of an integrated claims management solution portal and a mobile application, with the project expected to reach completion by June 14, 2030. This illustrates RailTel’s broadening footprint in the digital solutions sector, particularly in health insurance management.
Moreover, RailTel is preparing to enter a significant government tender related to the KAVACH system for locomotives. This tender, which is expected to exceed a value of ₹7,000 crore, officially opened for submissions on September 19. Sanjai Kumar, the chairman and managing director of RailTel, remarked on the increasing number of tenders coming their way.
He mentioned, “The LTE tender, which was announced some time ago, is currently on hold by the Ministry of Railways, Government of India, likely because they are prioritizing the finalization of the KAVACH tenders first.”
Kumar further added, “Historically, we were not eligible for Navratna tenders, so we did not actively pursue them. However, now that we meet the eligibility criteria, we intend to focus on such tenders moving forward.” This shift in strategy reflects RailTel’s aspiration to enhance its portfolio by targeting more lucrative opportunities in the public sector.
As a result of these developments, shares of RailTel Corporation of India Ltd saw a positive uptick, closing at ₹461.30, representing an increase of ₹7.75 or 1.71% on the Bombay Stock Exchange (BSE). This upward trend indicates investor confidence in the company’s growth trajectory and its capability to secure valuable contracts in a competitive market.
