New Delhi: RITES Limited, a leading transport infrastructure consultancy and engineering company under the Ministry of Railways, has announced that the RITES-Aryan Joint Venture has secured a significant contract from the South Western Railway for the redevelopment of Tumakuru Railway Station in Karnataka.
The Letter of Acceptance (LoA) awarded to the JV pertains to an Engineering, Procurement and Construction (EPC) agreement for the comprehensive redevelopment of Tumakuru Station. The scope of the project includes civil works, signal and telecommunication works, as well as electrical general services at the station.
The order, awarded by a domestic government entity, is to be executed within 540 days from the appointed date as per the agreement. RITES’ share of the order is valued at Rs 37.81 crore, excluding GST.
The company clarified that the transaction constitutes a government-to-government engagement and does not fall under related party transactions in the conventional corporate sense.
This redevelopment is expected to enhance passenger amenities and operational efficiency at Tumakuru station, aligning with Indian Railways’ broader station modernization initiative.
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