RailTel Corporation of India Ltd, a public sector enterprise under the Ministry of Railways, has announced a significant new contract from Prasar Bharati, India's public service broadcaster. The order, valued at approximately ₹63.15 crore (including taxes), is for the provision of additional features and services to Prasar Bharati's existing WAVES Over-The-Top (OTT) platform.
The Letter of Intent (LoI) was issued by the Director General of Doordarshan, a division of Prasar Bharati, on September 16, 2026. This project is classified as a domestic service order, reinforcing RailTel's role in India's digital infrastructure development.
Market Reacts Positively to RailTel News
Following the announcement, shares of RailTel Corporation of India Ltd experienced a notable surge. On Thursday, September 17, 2026, the company's stock climbed 4%, trading at ₹262.15, up ₹9.60 from its previous close of ₹252.55. The stock opened at ₹254.55 and reached an intraday high of ₹265.35, indicating strong investor confidence in the new contract.
Project Scope and Timeline
The contract focuses on enhancing the WAVES OTT platform, which is Prasar Bharati's dedicated streaming service. RailTel is tasked with integrating new functionalities and services to improve the platform's capabilities. The company anticipates completing the execution of this substantial order by February 11, 2029.
It is important to note that while the ₹63.15 crore figure represents the estimated value of the LoI, it does not translate into immediate revenue or profit recognition for RailTel. The financial benefits will be realized progressively over the project's execution period, concluding in early 2029.
RailTel's Role in Digital Infrastructure
As a key player in India's telecom and digital infrastructure sector, RailTel provides a wide array of services, including optical fiber network infrastructure, data center services, and various digital solutions for government and public sector entities. This latest order from Prasar Bharati further solidifies RailTel's position in the broadcasting and digital content delivery landscape.