RITES Ltd Secures Major Turnkey Railway Contract of Rs 294.67 Crore from Ministry of Railways

RITES Ltd Secures Major Turnkey Railway Contract of Rs 294.67 Crore from Ministry of Railways

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Date of Post: 12 Sep, 2018

Mumbai: RITES Limited has secured an additional work of Rs 294.67 Crores from Ministry of Railways for doubling of Dharmavaram Penukunda rail lines (41.5 Kms) in South Western Railways.

Earlier, RITES was awarded doubling work for 90.2 Kms of Dharmavaram Penukunda rail lines in South Central Railways for a cost of Rs. 666.38 Crores from Ministry of Railways.

The said work has been awarded to RITES on cost plus basis in which RITES will be paid fee at the rate of 8.5% of the cost of work.

About RITES Limited:

RITES Limited is a Miniratna (Category — I) Schedule ‘A’ Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. Company has an experience spanning 44 years and has undertaken projects in over 55 countries including Asia, Africa, Latin America, South America and Middle East regions.

RITES Limited is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).

To know more about recent developments of Indian Railways-

12 Sep, 2018 : Minister of Railways and Coal Shri Piyush Goyal launches a web portal “Rail Sahyog”

10 Sep, 2018 : India Signs Agreement to Supply 160 Railway Passenger Coaches to Sri Lanka Under Concessional Financing

08 Sep, 2018 : Government Set To Divest 10% in IRCON International to Raise Rs 467 Crore


Author:

Deepak Kumar is a part of the content team of Rail Analysis India as a writer and analyst .
His focus is on new initiatives on the Railway Sector of India .
Please reach us at editor@railanalysis.com for more information .


 

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