Mumbai, Sept. 2 -- A work order from Cotton Corporation Of India Ltd. (CCI) was received by RailTel Corporation of India Ltd. (the Company) for renewal of cloud data centre hosting for hardware and software supporting Oracle EBS, e-Office, BITS, Cotbiz and Kapas Kisan applications. The order was received on 26-Aug-26 at 19:00 and was awarded by a domestic entity. The contract is to be executed by 14-Oct-32. The notification was filed under prescribed disclosure norms.
The work order amount is stated as Rs. 38,59,27,045 excluding tax and has been converted to Indian rupees (Rs.) 385.927045 mn for reporting. One crore equals 10 million and one lakh equals one tenth of a million, hence the disclosed total equates to three hundred eighty five point nine two seven zero four five million rupees. The company presented the figure rounded as Rs. 385.93 mn in its disclosure. The amount relates to renewal fees for hosting and software support.
The renewal covers cloud hosting, maintenance and support for the listed enterprise applications and the associated hardware and software components that support operations. The order was awarded domestically and the company stated that neither the promoter nor the promoter group have any interest in the contracting entity. The disclosure indicated that the order is not a related party transaction and that no non arm's length arrangement applies. The contract secures continuity of services for the stated period.
The company filed the intimation pursuant to SEBI listing obligations and enclosed an annexure with detailed terms. The notice recorded the date and time of receipt and stated that there was no delay in reporting and that the issue was issued with the approval of the executive director and company officer. The communication is computer generated and no physical signature was required. Stakeholders are directed to the official filing for full particulars.
Published by HT Digital Content Services with permission from Construction World.