National News

RITES receives highest-ever work order worth Rs 4,027 crore from Railways

RITES Limited on Friday announced that it has secured the highest-ever work order for railway track works from the Ministry of Railways

PSU Watch Bureau

New Delhi: RITES Limited, the leading Transport Infrastructure Consultancy and Engineering company has secured its highest-ever work order for railway track works from the Ministry of Railways. "This turnkey order includes the three new line projects – Belgaum-Dharwad via Kittur, Shimoga-Shikaripura-Ranebennur, and Tumkur-Devangree via Chitradurga, with a total cost of Rs 4,027 crore" RITES said in an official statement released Friday.

RITES is currently executing a doubling project at Gooty-Dharmavaram and 3rd line project at Annupur-Pendra Road of approx. 140 km, which are near completion.

Commenting on the development, RITES Limited's Chairman & Managing Director (CMD) VG Suresh Kumar said, "We are happy to have secured RITES' highest-ever order. This new order testament to our project delivering capabilities and expertise in undertaking mega infrastructure projects. It also demonstrates our efforts to consolidate our order book amid the challenging business environment."

(PSU Watch– India's Business News center that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

CIL, SCCL hold coal prices steady despite input cost surge amid West Asia disruption

Bank NPAs decline to 2%, no systemic hit due to Middle East conflict: RBI

Cabinet approves Rs 13,037 crore Jaipur Metro Phase-2 project

NHAI to develop thematic medicinal tree plantations on vacant land parcels along NHs

Cabinet approves revised Rs 79,459 crore cost for HPCL Rajasthan Refinery project