Deals8 April 2026 at 01:24 pm
RITES Ltd Secures Major Order from NALCO Worth Rs. 118.89 Crore
AI Summary
RITES Ltd has received an amendment to the Letter of Award (LOA) dated 31.03.2021 for Detailed Engineering & Project Management Consultancy (PMC) for the work of Construction of Railway Siding at Sankerjang in Phase-I for Utkal-D Coal Mines of NALCO. The contract value has been enhanced from Rs. 79.73 Crore to Rs. 118.89 Crore excluding GST. This is a domestic, ongoing project with no related party transactions involved.
Key Highlights
- RITES Ltd secures a major order from NALCO for Railway Siding construction.
- The contract value has been increased from Rs. 79.73 Crore to Rs. 118.89 Crore excluding GST.
- This is a domestic, ongoing project with no related party transactions involved.
- The project is a Detailed Engineering & Project Management Consultancy (PMC) for Utkal-D Coal Mines of NALCO.
- The order is not a related party transaction and is done at 'arm’s length'.
RITESCivil Construction
RITES LtdPrice Impact