Deals25 Jul 2025, 10:16 pm
RITES Ltd Secures Major Order from Bharat Electronics Limited for Design and Construction of Manufacturing Facility
AI Summary
RITES Ltd has been awarded a Letter of Intent from Bharat Electronics Limited for 'Design, Project Management Consultancy (PMC) Services and Construction of Mass Manufacturing Facility for EM SBU at BEL — Palasamudram (AP)'. The contract is on a cost plus basis, with an estimated project cost of Rs. 177.225 Crore excluding GST. The project duration is 24 months from the date of agreement.
Key Highlights
- RITES Ltd has secured a major order from Bharat Electronics Limited for a manufacturing facility project.
- The project involves Design, Project Management Consultancy (PMC) Services and Construction of Mass Manufacturing Facility for EM SBU at BEL — Palasamudram (AP).
- The contract is on a cost plus basis with an estimated project cost of Rs. 177.225 Crore excluding GST.
- The project duration is 24 months from the date of agreement.
- Bharat Electronics Limited is a domestic entity and there are no related party transactions involved.