RITES consortium bags contract for Delhi Metro Project worth Rs 87.58 crore
Of the total tender value, the share of RITES is 49%, or approximately Rs 42.91 crore, including goods and services tax.
A RITES Ltd-led consortium has emerged as the lowest bidder in a tender floated by Delhi Metro Rail Corp Ltd and valued at Rs 87.58 crore.
"RITES Consortium emerges as the lowest bidder (L-1) in the tender floated by Delhi Metro Rail Corporation Limited for “Retrofit Work in RS-1 Trains of DMRC," the filing said.
Of the total tender value, the share of RITES is 49%, or approximately Rs 42.91 crore, including goods and services tax.
Read Also : IEX Power Market Update"The estimated value of the bid is Rs 87.58 Crore (approx.) including GST, wherein RITES share is 49% i.e. Rs 42.91 Crore (approx.) including GST," it added.
The consortium is required to execute the order within three years from the date of issuance of letter of award, RITES said in its filing.
The state-owned undertaking recently announced a 1:1 bonus share allotment and a final dividend of Rs 5 per share for eligible shareholders. The PSU's stock price has gained over 45% so far this year.
Read Also : NTPC Bongaigaon Employee shines at Kavi Sammelan at IOCL RefineryNews Must Read
- NTPC Bongaigaon Employee shines at Kavi Sammelan at IOCL Refinery
- MRPL Awarded for Corporate Environment Excellence
- S. Jaishankar to Attend SCO Summit in Pakistan, first Visit by an Indian Foreign Minister
- GAIL and AM Green sign MoU for jointly developing renewable energy up to 2.5 GW
- Garden Reach Shipbuilders receives LoA from Government of West Bengal
- Bank of Baroda Q2 business update: Domestic deposits up by 7%, global business expands 10.23%
- NTPC Unchahar Head of Project Conquers Everest Base Camp
- PM Narendra Modi inaugurates GAIL’s CBG Plant in Ranchi
- SBI to add 600 branches in its network during FY25: Chairman C S Setty
- Power Grid signs SHA with RVPN to form JV in Rajasthan