India's RailTel Wins INR 1.972 Billion Bank Communication Network Services Contract

en.Wedoany.com Reported - On October 14, RailTel Corporation of India, a state-owned communication infrastructure enterprise, announced that it has secured a communication network services contract worth approximately INR 1.972 billion from the State Bank of India. The contract covers communication connectivity services for the bank's national data centers, disaster recovery centers, and branches, with a term of 5 years from April 1, 2026 to March 31, 2031. The contract amount is exclusive of taxes.

Under the contract, RailTel will continue to provide Multiprotocol Label Switching (MPLS) communication links for the State Bank of India's data centers, disaster recovery facilities, and bank branches nationwide, as well as cross-regional point-to-point (P2P) dedicated line connection services. This order is a renewal of existing communication services, with both parties adjusting the relevant service rates. RailTel will maintain data transmission between the bank's core IT infrastructure and its various branches in accordance with the new contract terms.

RailTel received the formal purchase order at 11:00 AM on October 13 and disclosed it to the Indian stock exchange the following day. The estimated contract value is INR 1,971,777,622, under the business category of domestic Indian telecommunications services, covering various communication endpoints including the bank's data centers, disaster recovery facilities, and branches.

RailTel is affiliated with the Indian Ministry of Railways and operates a nationwide optical fiber network of approximately 62,000 kilometers. Its business covers MPLS virtual private networks, enterprise dedicated lines, cloud computing, and public wireless networks. Its communication infrastructure is deployed along the Indian railway network, and it has provided public wireless network services at more than 6,100 railway stations.

In October 2026, RailTel also secured an MPLS virtual private network connection order worth approximately INR 638 million from Northern Coalfields, and a digital governance platform development order worth approximately INR 490 million from the higher education department of Odisha state, India. The former involves communication connections between corporate headquarters, project units, data centers, and disaster recovery centers, with a service term of 5 years.