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MoneyWorks4Me

RITES Consortium emerges as Lowest Bidder in tender floated by Delhi Metro Rail Corporation

27 Sep 2024 Evaluate

RITES Consortium has emerged as the lowest bidder (L-1) in the tender floated by Delhi Metro Rail Corporation for Retrofit Work in RS-1 Trains of DMRC. The order is subject to award after the due process of Delhi Metro Rail Corporation scrutiny/ evaluation as per the requisite requirements mentioned in the tender documents. The estimated value of the bid is around Rs 87.58 crore including GST, wherein RITES share is 49% i.e. around Rs 42.91 crore including GST.

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) 71.95
Rites 194.90
Mold-Tek Tech 90.55
Dhruv ConsultancySer 20.62
Telge Projects 202.00
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