RITES Secures Major Order Worth Over Rs 36 Crore from Damodar Valley Corporation
The work order is required to be executed within a period of 730 days from the date of commencement.
RITES Secures Major Order Worth Over Rs 36 Crore from Damodar Valley Corporation
Gurugram, October 2, 2025 – RITES Limited, a Schedule 'A' enterprise of the Government of India, has announced that it has secured a significant domestic work order from the Damodar Valley Corporation (DVC). The company informed the stock exchanges (BSE and NSE) of the development in a corporate filing dated October 2, 2025. The contract is valued at Rs. 36,22,69,344/- (excluding GST).
The order involves providing comprehensive services for the DVC Mejia Thermal Power Station. The scope of work includes Annual Maintenance Contract (AMC) of Railway Sidings tracks, Operation & Maintenance (O&M) of S&T (Signaling and Telecommunication) systems, and Operation of 25KV OHE (Overhead Equipment) isolators and associated systems.
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The filing further clarified that the contract is with a domestic entity (Damodar Valley Corporation) and does not fall under the category of a related party transaction. The company also confirmed that neither the promoter nor the promoter group has any interest in the entity that awarded the order.
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