RITES emerges as Lowest Bidder in tender floated by Gujarat Urban Development Company
The estimated value of the bid is Rs. 28.50 Crore, excluding GST. The time period by which the order is to be executed is Sixty months from the date of issue of LOA/NTP.
New Delhi: Railway Engineering Consultancy Corporation, RITES Ltd has emerged as the lowest bidder (L-1) in the financial bid of the QCBS tender floated by Gujarat Urban Development Company Limited for the “Appointment of TPI agency for WSS/UGD/STP projects under Amrut 2.0/SJMMSVY under GUDC for ULBs of Gujarat”.
Further, the exchange filing stated that the order is subject to be awarded after the due process of scrutiny and overall evaluation (technical and financial) by the Gujarat Urban Development Company Limited as per the requisite requirements mentioned in the tender documents.
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The estimated value of the bid is Rs. 28.50 Crore, excluding GST. The time period by which the order is to be executed is Sixty months from the date of issue of LOA/NTP.
Shares of RITES Ltd are trading higher by 0.82% at Rs 281.60 at the BSE.
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