Deals29 Mar 2025, 11:39 pm
RITES Ltd Secures Major Order of Rs. 157.25 Crore from Oil India Limited
AI Summary
RITES Ltd has announced the receipt of a Letter of Award from Qil India Limited for the 'Construction of Workmen Housing Complex (BQ Area) at OIL, Duliajan on Turnkey Basis under Depository Works Mode'. The order is worth Rs. 157.25 Crore excluding GST and is to be executed within a period of 36 months. This order is not a related party transaction and no promoter/promoter group companies have any interest in the entity that awarded the order.
Key Highlights
- RITES Ltd secures a major order of Rs. 157.25 Crore from Oil India Limited
- The order is for the 'Construction of Workmen Housing Complex (BQ Area) at OIL, Duliajan on Turnkey Basis under Depository Works Mode'
- The order is worth Rs. 157.25 Crore excluding GST
- The order is to be executed within a period of 36 months
- This order is not a related party transaction