RITES secures enhanced contract worth Rs 148.93 crore from NUPPL 
News Updates

RITES secures contract worth Rs 148.93 crore from NUPPL

RITES has secured an enhanced order from Neyveli Uttar Pradesh Power Limited, with the contract value increasing to Rs 148.93 crore from the earlier Rs 120.13 crore, excluding GST

PSU Watch Bureau

New Delhi: State-run engineering consultancy and transport infrastructure company RITES Limited has secured an enhanced order from Neyveli Uttar Pradesh Power Limited, with the contract value increasing to Rs 148.93 crore from the earlier Rs 120.13 crore, excluding GST.

Follow The PSUWatch Channel on WhatsApp

According to a regulatory filing made by RITES on Thursday, the company and NUPPL have executed an amendment to the Memorandum of Understanding (MoU) signed earlier on February 13, 2025, for the operation and maintenance of the NUPPL/Ghatampur Thermal Power Plant (GTPP) railway siding.

The amendment provides for the inclusion of hiring locomotives on a wet-lease basis for in-plant movement and shunting operations of railway rakes at the NUPPL-GTPP railway siding.

Under the revised scope, RITES will undertake comprehensive operation and maintenance of the railway siding along with providing locomotives on a wet-lease basis for a period of 48 months.

NUPPL, the project owner, is a joint venture between NLC India Limited and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited.

Follow PSU Watch on LinkedIN

The contract has been awarded by a domestic entity and will remain valid for five years from the date of the original MoU signed in February 2025.

RITES stated that the contract value has been enhanced by approximately Rs 28.8 crore, taking the total order size to Rs 148.93 crore, excluding GST.

(PSU Watch is India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy. 👉 Click to join our channel now: PSUWatch WhatsApp Channel. Prefer LinkedIn? Follow PSU Watch on LinkedIN. Click to stay connected on Twitter here and stay updated)

SBI has 5-6 M&A financing deals in pipeline: Official

Institutionalising behavioural eco principles can make governance more citizen centric: NITI VC

Stock markets decline in early trade amid rising crude oil prices

SJVN achieves COD of 75 MW Jamui solar project in Bihar: SJVN CMD

Net direct tax kitty grows 23% to Rs 8.11 lakh crore on slower refunds, higher non-corp taxes