RITES has revised the project cost for rail electrification of the 110 RKM Bidar-Kalaburagi section to ₹154.65 crore, excluding GST.
RITES Limited has revised the project cost for its RITES rail electrification project in the Bidar-Kalaburagi section to ₹154.65 crore, excluding GST.
The project covers Project Management Consultancy (PMC) services for the electrification of the 110 Route Kilometres (RKM) Bidar-Kalaburagi (Gulbarga) section.
South Central Railway awarded the order to RITES on a cost-plus turnkey basis.
RITES Rail Electrification Cost Revised
The original project cost was ₹97.96 crore, excluding GST.
The revised cost has now increased to ₹154.65 crore, excluding GST.
| Particulars | Amount excluding GST |
|---|---|
| Original Project Cost | ₹97.96 crore |
| Revised Project Cost | ₹154.65 crore |
The revised project cost includes RITES fees.
The RITES rail electrification work is currently ongoing.
RITES Rail Electrification Project Covers 110 RKM
The project involves Project Management Consultancy services for railway electrification of the Bidar-Kalaburagi section.
The section covers 110 Route Kilometres.
RITES is providing PMC services to South Central Railway under a cost-plus turnkey arrangement.
The assignment is focused on railway electrification of the Bidar-Kalaburagi section.
RITES Discloses Revised Project Value
RITES has disclosed the revised project cost under Regulation 30 of the SEBI Listing Regulations.
The company stated that the transaction is between a Government entity and a Government Company.
The updated value takes the RITES rail electrification project cost to ₹154.65 crore, excluding GST.
Source: PSU Connect
