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RailTel Corporation of India has received an order worth Rs 197.18 crore from State Bank of India (SBI) to continue providing telecom links and network services for five years.
RailTel operates in the telecom and digital infrastructure sector, providing telecommunications, broadband and IT services, including connectivity and digital solutions for Indian Railways and government organisations.
The share price of RailTel increased after this news. RailTel Corporation of India Ltd. (NSE: RAILTEL) closed at ₹250.50 on 19 October 2026, down ₹4.90 or 1.92% from its previous close. During the trading session, the stock touched a high of ₹261.25 and a low of ₹248.70. Its 52-week low was reported at approximately ₹245, indicating that the share was trading close to its recent lows.
RailTel has received a purchase order from SBI for maintaining the bank’s data network connections. These connections provide secure communication between SBI branches, data centres and backup locations. The order also covers direct point-to-point telecom links across India. SBI has asked RailTel to continue providing these services at revised rates, although the company has not disclosed the earlier rates.
The order is worth Rs 197.18 crore, excluding taxes, and will remain valid from April 1, 2026, to March 31, 2031. It is a domestic telecom order. RailTel also clarified that its promoters and group companies have no interest in SBI, making the order a non-related-party transaction.
RailTel has secured several other orders this month. On October 13, the company received an order worth Rs 48.98 crore from the Higher Education Department of Odisha to develop 83 digital modules for a governance platform. On October 9, the Ministry of Railways awarded RailTel a contract worth Rs 19.45 crore for a digital platform. Earlier, on October 8, Northern Coalfields awarded the company a network-related contract worth Rs 63.81 crore.
