RITES receives work order for PMC in KIIFB Projects

New Delhi: State-owned RITES Limited said in a regulatory filing on Wednesday that the company has received a work order for the PMC work from the Kerala Infrastructure Investment Fund Board (KIIFB) for their projects at an estimated fee of Rs 72 crores.

Further, the filing noted that the promoter/ promoter group/group companies have no interest in the entity that awarded the orders/contracts. It is not a related party transaction, it added.

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