Telecom infrastructure firm RailTel Corporation of India Ltd on Tuesday (October 13) said it has received a work order worth ₹48.98 crore, including taxes, from the Higher Education Department of the Odisha government for developing 83 digital application modules.
The project involves developing the modules under a Comprehensive Digital Governance Platform, along with resource deployment and integration with the existing enterprise resource planning (ERP) system. The work order was received on October 13, 2026, at 2:10 pm. RailTel is required to complete the project by May 10, 2027.
The work order has been awarded by a domestic entity. RailTel said the promoters or promoter group have no interest in the awarding entity and that the contract does not fall under related-party transactions.
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In August this year, RailTel Corporation of India said it has reiterated its revenue growth guidance of 20-25% for FY27, Chairman and Managing Director Sanjai Kumar said, after the company posted 20% growth in the April-June 2026 quarter.
Kumar said telecom revenue is expected to grow 7-8% for the current financial year 2026-27 (FY27), while the project business, backed by a strong order book, is expected to grow 40-50% annually.
He added that the revenue mix between projects and telecom, currently around 60:40, could shift to 70:30, putting pressure on overall margins even as individual segment margins hold steady.
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Kumar said the company’s Kavach railway safety business, which will start recognising revenue this year, carries margins better than the 4-5% project range and should support overall margin improvement.
He said RailTel is targeting ₹300 crore in data centre revenue this year and ₹500 crore by 2027-28 (FY28), funded through partnerships with real estate players rather than direct capital investment.
Kumar said over ₹2,000 crore in government trade receivables as of March reflects timing delays in milestone payments rather than a funding risk, since project financing is largely provided by business associate partners.
Shares of RailTel Corporation of India Ltd ended at ₹252.30, up by ₹4.15, or 1.67%, on the BSE.
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