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RITES emerges as lowest bidder in Bangladesh railway tender

Oct 5, 2023

By: BlinkX Research Team

RITES Limited, a leading transport infrastructure consulting company, has secured a significant milestone by becoming the lowest bidder (L-1) in a tender floated by Bangladesh Railway.

The company emerged as the L-1 bidder after the price proposal opening on October 5, 2023. The estimated order value for this project is approximately USD 111,003,177 which is slightly north of ₹924 crores.

The contract pertains to the procurement of 200 Broad Gauge (BG) Passenger Carriages for Bangladesh Railway. It is an international endeavor, as it involves an entity outside of India.

This achievement underscores RITES' expertise and competitiveness in the global market for rail infrastructure projects. The successful bid in Bangladesh reflects RITES' commitment to enhancing rail transport capabilities beyond India's borders.