RailTel Corporation of India has confirmed signing a non-binding Memorandum of Understanding (MoU) with GAIL on March 5, 2026, to build a digital infrastructure backbone. The company clarified that no definitive terms have been finalized and the MoU does not qualify as a material event under SEBI LODR.
RailTel Corporation of India has issued a clarification to the Bombay Stock Exchange (BSE) regarding recent news reports about its collaboration with GAIL. The announcement followed a report in The Hindu Business Line highlighting the MoU signed between the two entities. RailTel emphasized that while discussions are underway, the agreement remains preliminary and non-binding.
Key Highlights
-
RailTel signed a non-binding MoU with GAIL on March 5, 2026, to explore building a digital infrastructure backbone
-
The company clarified that no definitive terms have been finalized at this stage
-
RailTel stated the MoU does not qualify as a material event under Regulation 30 of SEBI LODR
-
The company confirmed it has no undisclosed material information that could explain recent share price movements
-
RailTel reiterated its commitment to timely disclosures of all material events as per regulatory requirements
This clarification underscores RailTel’s transparency in regulatory communication while highlighting the exploratory nature of its partnership with GAIL.
Source: RailTel Corporation of India filing to BSE, The Hindu Business Line