Rail Infra stock, RITES Ltd wins LoA from South Central Railway
The time needed to execute the order is 8 months, and the cost of the project is Rs 27.96 crore.
Rail Infra stock, RITES Ltd wins LoA from South Central Railway
State-owned RITES Ltd announced that it has received a Letter of Acceptance from South Central Railway worth Rs 27.96 crore.
RITES has received a Letter of Acceptance for “Carrying out a Final Location Survey involving the Preparation of a DPR, a Final Alignment Design, a Traffic Survey Report, ROR calculations, a Detailed Estimate, and the Preparation of EPC documents for the High-Speed Elevated Rail Corridor between Hyderabad-Bengaluru and Hyderabad-Chennai using Modern Survey Techniques, e.g., Airborne or Terrestrial LIDAR" from South Central Railway, and a formal agreement shall be executed in due course, as per the regulatory filing made.
The time needed to execute the order is 8 months, and the cost of the project is Rs 27.96 crore.
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Shares of RITES Ltd surged over 1.3% at Rs 212.16.
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