RITES Ltd Secures Major Order from Karnataka Mining Environment Restoration Corporation: Now a Turnkey Project Worth Rs. 453.99 Crore

RITES Ltd has announced that it has secured a major order from Karnataka Mining Environment Restoration Corporation for the Construction of Railway PFT’s at Dharmapura and Susheel Nagar in Ballari District under CEPMIZ for KMERC. The order, originally awarded on a Project Management Consultancy (PMC) basis, has now been converted into a turnkey basis. The total cost of the project is Rs. 453.99 Crore excluding GST. This is not a related party transaction and the promoter/promoter group companies do not have any interest in the entity that awarded the order.