India, Jan. 22 -- RailTel Corporation of India Ltd has received a work order from the Ministry of Defence, in compliance with Regulation 30 read with Part A (B) of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order pertains to services under an Annual Maintenance Contract (AMC) and has been awarded by a domestic entity. The contract is to be executed within India, with the tenure extending up to January 30, 2031.
The total value of the order stands at Rs 1,407.15 crore, as specified in the work order. RailTel has clarified that neither the promoter nor the promoter group has any interest in the entity awarding the contract. Further, the transaction does not fall under related party tran...