RailTel secures LoI worth Rs 20.04 crore from Munitions India

RailTel Corporation of India received a Letter of Intent (LoI) worth Rs 20.04 crore from Munitions India for setting up data and disaster recovery centres for the Q-Shakti project.

The contract includes a four-month go-live period followed by six years of services, extendable by three years, to support Munitions India across 13 locations. The project is scheduled to go live by 28 February 2027.

RailTel Corporation of India was incorporated in 2000 to create a nationwide broadband, VPN, telecom, and multimedia network, modernizing the train control operations and safety systems of Indian Railways. It is a Navratna public sector undertaking (PSU) under the Government of India. RailTel's network currently passes through around 6,000 railway stations across the country, covering all major commercial centers.

The company?s standalone net profit marginally declined 0.48% to Rs 65.78 crore in Q1 FY27, compared with Rs 66.10 crore in Q1 FY26. Revenue from operations rose 20.09% to Rs 893.27 crore in Q1 FY27 from Rs 743.83 crore in the corresponding quarter last year.

Shares of RailTel Corporation of India declined 3.69% to close at Rs 228.60 on the BSE.

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