RailTel Bags Rs 43 Crore NICSI Order; Stock Trades Flat

Shares of RailTel Corporation of India Ltd are trading flat after touching the day’s high of Rs 274.40 on 17th March. This happens despite the company announcing that it has received a work order worth Rs 42.63 crore, including tax, from National Informatics Centre Services Incorporated (NICSI). The order is for the New Core Link under the National Knowledge Network (NKN) project.

A domestic entity has awarded the telecom-related contract. It will be executed over 12 months, with completion scheduled for 31st March, 2027. The company received the order on 16th March.

RailTel clarified that its promoter, promoter group, and group companies have no interest in the awarding entity. Moreover, the deal is not a related party transaction.

On 5th March, 2026, GAIL India signed an MoU with RailTel Corporation of India Limited to collaborate in digital infrastructure projects across India.

The agreement was signed in the presence of senior officials from both companies. This underscored a joint push to expand digital capabilities.

According to GAIL’s leadership, the partnership aligns with its vision to combine energy and digital infrastructure. There is a strong focus on leveraging AI for India’s growth.

RailTel stated that the collaboration will help strengthen India’s digital backbone. It will improve resource utilisation and accelerate the expansion of reliable connectivity across the country.

At 9:56 AM, shares of RailTel were trading 0.57% higher at Rs 271.50 on the NSE.

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