Deals11 Jul 2025, 05:27 pm
RITES Ltd Secures Rs. 46.82 Crore Order from Department of Collegiate and Technical Education
AI Summary
RITES Ltd has been awarded an order for 'Construction and renovations of Government First Grade college at various locations in Karnataka under PM USHA Scheme' by the Department of Collegiate and Technical Education (DCTE), Office of the Commissioner, Unnatha Shikshna Soudha, Seshadri Road Bengaluru. The order, worth Rs. 46.82 Crore excluding GST, was earlier considered on a Project Management Consultancy (PMC) basis but has now been converted into a turnkey contract. The project is to be executed over a period of 36 months from the date of agreement.
Key Highlights
- RITES Ltd secures order from Department of Collegiate and Technical Education
- Order worth Rs. 46.82 Crore excluding GST
- Project is for 'Construction and renovations of Government First Grade college at various locations in Karnataka under PM USHA Scheme'
- Earlier considered on PMC basis, now converted into turnkey contract
- Project to be executed over 36 months from the date of agreement