RailTel Consortium Wins ₹1,136 Crore Project in Maharashtra
RailTel Corporation of India, working with Ashoka Buildcon, has secured a major technology modernization project from the Government of Maharashtra. The five-year contract is worth approximately ₹1,136.18 crore. The state owned company shared this update with the stock exchanges on February 20.
According to the official filing, the project was awarded by the Inspector General of Registration (IGR). The consortium will act as a Managed Service Provider (MSP) to modernize the offices of the IGR and the Controller of Stamps throughout the state.
Project Details and Timeline
The modernization work is scheduled to be completed by March 19, 2032. The contract is based on a scanning rate of ₹24.75 per page for registered documents.
While the total value isn’t fixed in the initial letter, it is estimated based on past data. Over the last five years, an average of 9.18 crore pages were scanned annually. At this volume, the total cost for the five-year period reaches roughly ₹1,136.18 crore, though RailTel noted that actual figures may change depending on the workload.
The company confirmed that this is a standard contract and does not involve any “related party” interests or conflicts between its promoters and the government authority.
Success in Railway Signalling
In addition to the Maharashtra project, RailTel also secured a railway signalling order worth ₹35.55 crore this week.
On February 19, the company announced it received a Letter of Acceptance for work in the Prayagraj division of the North Central Railway. This project includes installing digital systems to track train locations and making technical upgrades at various stations. This work is expected to be finished by February 17, 2028.
Financial Performance Overview
RailTel also recently shared its financial results for the third quarter of the 2026 financial year (Q3FY26):
- Revenue: Rose by 19% to ₹913.45 crore, up from ₹767.62 crore in the previous year.
- Net Profit: Dropped slightly by 4.1% to ₹62.4 crore, compared to ₹65.05 crore in Q3FY25.
Despite the small dip in profit, the company’s revenue growth and new large scale contracts show a strong expansion in its technology and telecom services.
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