Deals5 Nov 2024, 10:34 pm
RITES Ltd Secures Major Order for Retrofit Work in RS-1 Trains of DMRC Worth Approx. Rs. 36.36 Crore
AI Summary
RITES Ltd has received a Letter of Acceptance (LOA) from Delhi Metro Rail Corporation Limited (DMRC) for Retrofit Work in RS-1 Trains of DMRC. The order is worth approximately Rs. 36.36 Crore excluding GST and is to be executed over a period of 3 years from the date of issuance of the LOA. This order is not a related party transaction and has been awarded at arm's length.
Key Highlights
- RITES Ltd has secured a major order from Delhi Metro Rail Corporation Limited (DMRC) for Retrofit Work in RS-1 Trains of DMRC.
- The order is worth approximately Rs. 36.36 Crore excluding GST.
- The order is to be executed over a period of 3 years from the date of issuance of the LOA.
- This order is not a related party transaction and has been awarded at arm's length.
- RITES Ltd is a Schedule ‘A’ Enterprise of Govt. of India.