RailTel Shares Plunge as Bihar Education Projects Worth ₹600 Crore Cancelled

• RailTel Corporation of India Ltd. shares dropped significantly after the cancellation of multiple work orders from the Bihar Education Project Council.
• The cancelled projects, totaling approximately ₹609.56 crore, included the procurement and installation of smart classrooms in government middle schools.
• A major project worth ₹262.14 crore for smart classrooms was cancelled due to "unavoidable reasons" by the customer.
• Another order valued at ₹89.92 crore for teaching learning material for Classes I to V was also cancelled.
• A third project, a separate LoA and work order worth ₹257.50 crore, was also revoked by the Bihar Education Project Council.

Why It Matters: RailTel shares fell sharply after Bihar cancelled education projects exceeding ₹600 crore.