MoneyWorks4Me

RITES receives contract worth Rs 160 crore

18 Sep 2019 Evaluate

RITES has signed the contract for supply of two additional fully air-conditioned Diesel Multiple Unit train sets, for $22.4 million (Rs 160 crore) with the Ministry of Transport and Civil Aviation, Government of Sri Lanka, on September 17, 2019.

The company has just completed supply of six sets of DMU coaches to Sri Lanka with State-of-the-art features and amenities, under a previous contract. The supply under the new contract will be done in FY 2020-21.

RITES 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) 76.80
Rites 200.85
Mold-Tek Tech 220.15
Dhruv ConsultancySer 19.44
Telge Projects 255.10
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