Deals4 Aug 2024, 03:29 am
RITES Ltd Secures Rs. 25.80 Crore Order from Gujarat State Electricity Corporation Limited
AI Summary
RITES Ltd has announced that it has received a Letter of Intent for a work order valued at Rs. 25.80 Crore plus GST from Gujarat State Electricity Corporation Limited. The order involves hiring of Locomotives on wet lease basis along with the operation and maintenance at CHP, Wanakbori TPS, GSECL(Gujarat). The order is to be executed by RITES Ltd within a period of 24 months.
Key Highlights
- RITES Ltd secures a major order from Gujarat State Electricity Corporation Limited
- The order is worth Rs. 25.80 Crore plus GST
- The work involves hiring of Locomotives on wet lease basis along with the operation and maintenance
- The order is to be executed within a period of 24 months
- No related party transactions are involved in this order