RITES bags general consultancy order worth Rs 61 crore from HRIDC

New Delhi: RITES Limited, a government-owned transport infrastructure consultancy and engineering company, on Wednesday announced that its consortium has secured a general consultancy work order of Rs 61 crore from Haryana Rail Infrastructure Development Corporation (HRIDC) for their Haryana Orbital Rail Corridor (HORC) project. HRIDC is a joint venture of the government of Haryana and the Ministry of Railway having a share of 51 percent and 49 percent respectively. Earlier, on February 11, the company had informed that it was the lowest bidder (L1) for the said contract. This order is for a new electrified broad-gauge double line (about 144 km) from Palwal to Sonipat via Sohna, Manesar and Kharkhoda in Haryana with a speed potential of 160 kmph.

In a regulatory filing to the bourses on Wednesday RITES said, “In continuation to our earlier intimation dated February 11, 2021, regarding emerging L1, it is confirmed that RITES has now secured General Consultancy order from Haryana Rail Infrastructure Development Corporation Limited for their Haryana Orbital Rail Corridor (HORC), which is a new electrified Broad-Gauge double line (about 144 kms) from Palwal to Sonipat via Sohna, Manesar and Kharkhoda in the state of Haryana with speed potential of 160 kmph. Fee payable to the consortium will be about Rs 61 crores.”

Earlier on Monday, RITES had informed that it has bagged a turnkey order of signalling works from the Ministry of Railways amounting to Rs 67.18 crores and another order worth Rs 26 crores from Gujarat Metro Rail Corporation (GMRC) for the extension of general consultancy work for the Nagpur Metro Rail project and GEC positions.

ALSO READ: RITES secures work order of Rs 67.79 crore from NHSRCL

RITES Limited

RITES Limited is a Miniratna PSU under the Ministry of Railways. It is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company has an experience spanning 46 years and has undertaken projects in over 55 countries including Asia, Africa, Latin America, South America and Middle East regions. RITES Limited is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)