Rites Bags ₹154.7 Cr Order from South Central Railway
RITES bagged a ₹154.65 Crore consultancy contract from South Central Railway for Bidar-Kalaburagi railway electrification (110 RKM). Execution is cost-plus turnkey with ongoing timeline.
RITES won a Rs.34.18 Crore contract from South Africa’s Volantis for locomotives. Delivery is due in 20 months, expanding its international order book.
RITES secured a USD 35.82 million order from Volantis Asset Finance for locomotives. The 20-month contract boosts its international order book significantly.
RITES Limited secured a Rs. 28.8 Crore contract enhancement from NUPPL. The agreement involves railway siding maintenance and locomotive leasing for 48 months.
RITES Limited secured a contract value enhancement from NALCO for railway siding consultancy at the Utkal-D Coal Mines. The project value increased from ₹79.73 Crore to ₹118.89 Crore (excluding GST). The work involves detailed engineering and project management consultancy on a cost-plus turnkey basis.
