RITES emerges as lowest bidder in Bangladesh railway tender

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.

 

Top stories
Budget

Impact of Budget on Common Man

9 mins read . 23 Jul 2024 . 12:22 PM

Budget

Finance Minister Nirmala Sitharaman to Presents Union Budget 2024

3 mins read . 23 Jul 2024 . 09:20 AM

Company

JSW Energy Arm Secures Major Solar and Energy Storage Projects

5 mins read . 23 Jul 2024 . 05:35 AM

Related Blogs
blog-logo

Share Market

blog-logo

8 mins read . 19 Jul 2024

Stock Market Trading Time in India

  • 38 people read
blog-logo

Share Market

blog-logo

11 mins read . 19 Jul 2024

How To Trade in T2T Stocks

  • 38 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions