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RailTel Bags INR249 Million AI Fraud Detection Order from New India Assurance

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-- RailTel Corporation of India (NSE:RAILTEL, BOM:543265) secured an order worth 249.1 million Indian rupees from The New India Assurance Company, according to a filing to the Indian stock exchanges.

The contract is for the procurement of an artificial intelligence and machine learning-based solution for monitoring and investigation of fraud, waste, and abuse of health insurance claims.

The order will be executed by May 6, 2029.

The company's shares were down over 1% in recent trade.

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