RailTel Corporation of India Ltd. has received a Letter of Intent (LoI) from Thane Municipal Corporation, as disclosed in a regulatory filing dated June 30, 2026. The disclosure is made pursuant to Regulation 30 read with Part A (B) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and includes the required annexure as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The order involves RailTel serving as Technology Partner for the Development, Upgradation, Implementation, Operation, and Maintenance of the DigiThane Citizen Engagement Platform for a period of 10 years. The estimated size of the order as per the LoI is ₹13,60,00,000/- (Rupees Thirteen Crore Sixty Lakh Only), inclusive of tax.
Key details of the contract:
- Awarding Entity: Thane Municipal Corporation
- Nature of Contract: Technology partnership for civic digital platform
- Geography: Domestic order
- Execution Timeline: The contract is to be executed by June 28, 2036 (10-year duration)
- Order Value: ₹13.6 crore (inclusive of tax)
- Related Party Interest: No promoter/promoter group/group companies have any interest in Thane Municipal Corporation
- Related Party Transaction: Does not fall within related party transactions
- Receipt Date: The Letter of Intent was received on June 29, 2026, at 20:30 hours
- Reporting Timeliness: Disclosed within the required timeframe