RailTel cancels LOA from South East Central Railway, estimated size Rs. 26,72,60,140
Railtel Corporation of India · Telecom - Services
Key highlights
- RailTel's Letter of Acceptance from South East Central Railway for OFC supply and related works had an estimated order size of Rs. 26,72,60,140 as per the LOA
- Due to the prevailing war situation and steep rises in OFC, HDPE pipe and other material prices, RailTel decided not to execute the work as the project cost became unviable
- Consequently, the customer terminated the contract awarded to RailTel
Why it's rated major development: order cancellation is always high
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Cancellation Of Work Order
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.