RITES Wins Project Order Worth Rs 321.30 Cr

The company informed the exchanges on Thursday, July 25, that it has received a Letter of Intent (LoI) for project consultancy work on hospital construction in Amravati, Maharashtra.

Key Takeaways from RITES Order Win

• The company has received a Letter of Intent (LoI) for project consultancy work on hospital construction in Amravati, Maharashtra.
• The order was issued by the Directorate of Medical Education & Research, Mumbai.
• The estimated cost of the project will be Rs 321.30 crore excluding GST.
• The company said the order will be completed within 30 months.
• With an additional Defect Liability Period of 60 months.

The order was issued by the Directorate of Medical Education & Research, Mumbai and the estimated cost of the project will be Rs 321.30 crore excluding GST.

The company said the order would be completed within 30 months, with an additional Defect Liability Period of 60 months.

Last month, the company signed an MoU with the Delhi Metro Rail Corporation (DMRC) for exploring consultancy and O&M of Metro Rail Systems.

About RITES Limited

RITES Limited, a Navratna and Schedule 'A' Central Public Sector Enterprise under the Ministry of Railways founded on April 26, 1974, is a multidisciplinary engineering and consultancy firm that offers a comprehensive range of services from concept to commissioning in all aspects of transport infrastructure and related technologies. The company's market capitalization has placed it among India's top 500 listed firms, a testament to the high-quality solutions and services provided by its talented pool of people.

RITES is a market leader in the transport consultancy and engineering business in India, offering a wide range of services under one roof. RITES is advantageously positioned in terms of service variety and geographical reach in diverse sectors such as railways, highways, metros, tunnels, bridges, and urban engineering, sustainability & green mobility, airports, ports, ropeways, institutional buildings, inland waterways, etc.

With nearly five decades of experience, RITES has established itself as the chosen choice for clients in over 55 countries across Asia, Africa, Latin America, and the Middle East. The firm is Indian Railways' export arm for rolling stock (which includes locomotives, carriages, and trainsets).

RITES is consistent with the Government of India's emphasis on sustainable mobility, which has considerable long-term social and environmental benefits. By maintaining a sustainable approach to operational performance excellence, the organization has been able to demonstrate the ability to efficiently execution more than 5000 projects, including complex projects—from Bogibeel Bridge, India's longest road-cum-rail bridge over the Brahmaputra, at Dibrugarh in Assam to Metro works in Ahmedabad in Gujarat and from Pir Panjal railway tunnel in Jammu & Kashmir to Machilipatnam Port in Andhra Pradesh.

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