RITES Ltd bags major order under PM USHA Scheme worth Rs 46.82 crore
The cost of the project including RITES fees is Rs 46.82 crore.
New Delhi: Navratna CPSE, RITES Ltd has received order for the Construction and renovations of the Government First Grade college at various locations in Karnataka under PM USHA Scheme from the Department of Collegiate and Technical Education (DCTE) Office of the Commissioner, Unnatha Shikshna Soudha, Seshadri Road, Bengaluru.
This was earlier considered ona Project Management Consultancy (PMC) basis and is now converted into a turnkey contract (cost of project plus RITES fees).
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The time period by which the order is to be executed is 36 months from the date of agreement.
The cost of the project including RITES fees is Rs 46.82 crore.
Shares of RITES Ltd were closed at Rs 278.00, down by 0.79 percent.
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