Deals20 Oct 2024, 02:52 am
RITES Ltd Secures Major Order from Andhra Pradesh Power Generation Corporation
AI Summary
RITES Ltd has been awarded a turnkey contract by Andhra Pradesh Power Generation Corporation for providing a bye-pass line connecting RTPP yard to Kalamalla Railway Station. The order, worth approximately 53.5 Crore excluding GST, was earlier awarded on a Project Management Consultancy (PMC) basis but has now been converted into a turnkey contract.
Key Highlights
- RITES Ltd secures a major order from Andhra Pradesh Power Generation Corporation
- The order is for providing a bye-pass line connecting RTPP yard to Kalamalla Railway Station
- The order was earlier awarded on a PMC basis but has now been converted into a turnkey contract
- The contract is worth approximately 53.5 Crore excluding GST
- This is a significant step towards RITES Ltd's expansion in the infrastructure sector