RITES Ltd. (NSE: RITES, BSE: 541556), the leading Transport Infrastructure Consultancy and Engineering company
Corporate office: RITES Bhawan, No.1, Sector 29, Gurugram (Haryana) – 122001
Registered Office: SCOPE Minar, Laxmi Nagar, Delhi – 110092
CIN: L74899DL1974GOI007227
RITES secures Railway Electrification works worth Rs. 475 crore
Chennai, 23rd September 2020: RITES Ltd. (NSE: RITES, BSE: 541556), the leading Transport Infrastructure Consultancy and Engineering company has been awarded a contract for Railway Electrification works on com petition basis amounting to Rs. 475 crore. An agreement will be signed between RITES and the concerned Rai lway in this regard in due course. This turnkey contract majorly covers sections of Mavli-Bari Sadri for 82 RKM, Udaipur City – Himmatnagar for 210 RKM, Bhatinda – Firozpur for 81 RKM and Gulbarga – Bidar for 110 RKM of NWR, NR and SCR, respectively.
Commenting on this contract, Mr. Rajeev Mehrotra, Chairman and Managing Director, RITES Limited, said, “These important additions to our order book will be executed on priority as these are part of key plan of rail ways for complete electrification.”
About RITES Limited:
RITES Limited is a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise and a leading player in the tra nsport con sul tancy and engineering sector in India, having diversified services and geographical reach. Company has an experience spanning 46 years and has undertaken projects in over 55 countries including Asia, Africa, La tin 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).
For more information contact :
Mr. Animesh Lodiya Ms. Bornali Ghosh
RITES Limited Concept Public Relations
Telephone: +91-9654176514 Mobile: +91 9899563504
E-mail: animesh.lodiya@rites.com E-mail: bornali@conceptpr.com
DISCLAIMER: Certain statements that are made in the Press Release may be forward-looking statements. Such forward looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, inflation, litigation, etc. Actual results might differ substantially from those expressed or implied. RITES Ltd. will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
