Deals15 Feb 2025, 03:46 am
RITES Ltd Secures Major Order from NLC India Limited Worth Rs. 466.55 Crores
AI Summary
RITES Ltd has been awarded a significant order from NLC India Limited for the preparation of various reports and project management for the construction and commissioning of Railway Siding at Machhakata (Revised) coal Mine and adjacent New Patrapara South coal Mine. The order, valued at approximately Rs. 466.55 Crores excluding GST, is to be executed over a period of 36 months from concept to commissioning.
Key Highlights
- Order from NLC India Limited worth approximately Rs. 466.55 Crores
- Involves preparation of Feasibility Study Report, Detailed Project Report, Detail Engineering, and Project Management
- Work to be executed on cost plus fees basis in depositary mode
- Order to be completed over a period of 36 months from concept to commissioning
- RITES Ltd is a Schedule ‘A’ Enterprise of Govt. of India