The telecom-related contract has been awarded by a domestic entity and will be executed over a 12-month period, with completion scheduled by March 31, 2027. The work order was received on March 16.
RailTel also confirmed that the promoter, promoter group, or group companies do not have any interest in the entity awarding the contract. The order does not fall under related party transactions.
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Last week, GAIL India said it had entered into a Memorandum of Understanding (MoU) with RailTel Corporation of India Limited on March 5, 2026, to collaborate in key sectors of digital infrastructure in the country.
The MoU was signed by S S Agrawal, Executive Director (O&M-CO), GAIL, and J S Marwah, CS & GGM (Law), RailTel, in the presence of Rajeev Kumar Singhal, Director (Business Development), GAIL; Sanjai Kumar, Chairman and Managing Director, RailTel; and other senior officials from both companies.
Speaking on the development, Deepak Gupta, Chairman and Managing Director, GAIL, said, “This partnership is fully in sync with our vision to integrate energy and digital infrastructure, leveraging the transformative potential of artificial intelligence (AI), all of which are pivotal to India’s development journey.”
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Sanjai Kumar, Chairman and Managing Director, RailTel, said, “RailTel is committed to strengthening India’s digital backbone through robust and secure communication infrastructure. Our collaboration with GAIL will enable both organisations to combine their strengths in network infrastructure and technological capabilities to accelerate the expansion of reliable digital connectivity across the country.”
The strategic partnership seeks to reinforce India’s communication framework, improve utilisation of resources, and drive forward the nation’s digital connectivity initiatives at a rapid pace.
Shares of Railtel Corporation of India Ltd ended at ₹268.50, down by ₹9.40, or 3.38%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
First Published: Mar 16, 2026 11:16 PM IST
