RITES Limited — New Orders, 22-10-2024: Bagging/Receiving of orders/contracts

RITES Limited reported the conversion of a previously awarded Project Management Consultancy contract from the Karnataka Mining Environment Restoration Corporation into a turnkey project. This contract involves the construction of Railway PFTs in Ballari District, valued at ₹453.99 crore (excluding GST), with a completion timeline of 30 months. The transaction is not classified as a related party transaction.