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RITES secures Railway Contract of Rs 294.67 crore

08 Sep 2018 Evaluate

RITES has secured an additional work of Rs 294.67 crore from Ministry of Railways for doubling of Dharmavaram Penukunda rail lines (41.5 Kms) in South Western Railways. Earlier, RITES was awarded doubling work for 90.2 Kms of Dharmavaram Penukunda rail lines in South Central Railways for a cost of Rs 666.38 crores from Ministry of Railways. The said work has been awarded to RITES on cost plus basis in which RITES will be paid fee at the rate of 8.5% of the cost of work.

RITES, an ISO 9001:2008 company, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.

Peers
Company Name CMP
NBCC (India) 71.95
Rites 195.00
Mold-Tek Tech 92.50
Dhruv ConsultancySer 20.62
Telge Projects 202.00
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