New Delhi: RITES Limited, a prominent engineering consultancy and project management firm under the Ministry of Railways, has announced a significant contract win from the Steel Authority of India Limited (SAIL). The contract, valued at Rs 69.78 crore (excluding GST), involves the repair and maintenance of 43 WDS6 locomotives at SAIL's Bhilai Steel Plant.
The scope of work includes comprehensive R3Y/R6Y-level repairs for the locomotives over a period of three years. Valued at Rs 69.78 crore, exclusive of GST, the project reaffirms RITES' capabilities in delivering high-quality locomotive maintenance services to industrial leaders. The transaction does not involve any promoter group or related party interests, ensuring compliance with regulatory standards and maintaining transparency.
RITES Limited announced this a regulatory filing to the stock exchange on January 2.
(PSU Watch– India's Business News centre 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.)