RailTel receives LOI worth Rs 274.40 crore from Motor Vehicles Department, Maharashtra
RailTel Corporation of India Ltd has received a Letter of Intent (LOI) from the Motor Vehicles Department, Maharashtra, for a significant infrastructure project.
The contract involves the design, implementation, operation, and maintenance of an Intelligent Traffic Management System (ITMS) across various blackspots and vulnerable locations in the Vidarbha Circle. The project will span a period of 10 years and aims to enhance road safety and traffic efficiency in the region.
This domestic order has an estimated value of ₹274.40 crore, as indicated in the Request for Proposal (RFP), with the final amount to be confirmed upon issuance of the purchase order. The work order was received on June 4, 2025, at 7:27 PM. The project is slated for execution until September 4, 2036. RailTel clarified that there are no related party transactions or promoter interests involved in this contract.
In the meantime, RailTel shares opened today at ₹446.95 on Wednesday, and, at the time of writing, reached a high of ₹461.85 and a low of ₹439.50 during the session. The stock remains significantly below its 52-week high of ₹617.80 but well above its 52-week low of ₹265.50, reflecting substantial gains over the year.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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