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
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read . 02 Aug 2024 . 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read . 02 Aug 2024 . 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read . 02 Aug 2024 . 12:36 PM

Related Blogs
blog-logo

Share Market

blog-logo

10 mins read . 09 Dec 2024

What is the Bombay Stock Exchange?

  • 0 people read
blog-logo

Share Market

blog-logo

13 mins read . 09 Dec 2024

Stocks Under 5 Rupees in India

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