RITES Ltd receives additional work order from Ntokoto Rail Holdings Pvt Ltd
The order value has been revised from 5.40 Million USD (CIF) to 10.80 Million USD (CIF), the company informed through exchanges.
Railway PSU Stock: RITES Ltd has received the addendum to the Contract Agreement from Ntokoto Rail Holdings Pvt Ltd. that has awarded additional work for the Supply and commissioning of overhauled in-service of Cape Gauge ALCO Diesel Electric Locomotives fitted with new Cape Gauge Bogies, Traction Motors, Control System Air braked, etc. overhauled at nominated facility and on-site warranty support for one year.
The time needed to complete the order is 6 Months from the date of receipt of Advance for the additional awarded work. The order value has been revised from 5.40 Million USD (CIF) to 10.80 Million USD (CIF), the company informed through exchanges.
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Shares of RITES Ltd are trading higher by 2.14% at Rs 216.56 at NSE.
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