RailTel Corporation of India Ltd has secured a major order worth Rs 249 crore from The New India Assurance Company Ltd, according to a BSE filing. The order is for the procurement of an AI/ML based solution to monitor and investigate fraud, waste, and abuse of health insurance claims. This large contract boosts RailTel’s order book.
The project involves the implementation of an advanced AI/ML solution to detect and prevent fraudulent claims. The solution will help The New India Assurance Company Ltd to reduce losses and improve its overall efficiency. The order was awarded through a domestic entity.
The contract was awarded on May 7, 2026, and is expected to be executed within three years. The Rs 249 crore order is a significant win for RailTel and strengthens its pipeline. The company will provide the AI/ML based solution to The New India Assurance Company Ltd, which will help the insurer to monitor and investigate fraudulent claims.
The order adds to RailTel’s growing portfolio of IT and software orders. The company has been focusing on providing innovative solutions to its clients, and this order is a testament to its capabilities. This order reinforces RailTel’s position as a leading player in the IT sector.
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