RITES Ltd bags contract from Bharat Electronics Ltd worth Rs 177.225 crore
Transport Consultancy PSU, RITES Ltd has received Letter of Intent from Bharat Electronics Limited for the “Design, Project Management Consultancy (PMC) Services and Construction of Mass Manufacturing Facility for EM SBU at BEL – Palasamudram (AP)” on cost plus basis.
The contract includes the Design, Project Management Consultancy (PMC) Services and Construction of Mass Manufacturing Facility for EM SBU at BEL – Palasamudram (AP) on cost plus basis.
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The estimated project cost is Rs. 177.225 Crore excluding GST (including PMC fee).
The Time period by which the order will be executed is 24 months from the date of agreement.
Shares of RITES Ltd are trading down by 3.27% at Rs 264.70 at BSE.
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