The original cost of the project was Rs 288.44 million.
“As a continuation of the notification dated June 28, 2021 regarding the major order for railway electrification works for Project-Lumuddin-Badarpur, we would like to inform you that RITES has received a revised quotation for railway electrification works for LMG-BPB section at Lumudin. . Delivered by Northeast Frontier Railway to NF Railway Division on November 21, 2024,” the company’s filing with the exchanges said.
The project involves railway electrification works on a turnkey basis for the LMG-BPB section of the Lumding division of NF Railway.
The company recently signed a memorandum of understanding with the National Institute of Solar Energy (NISE), the premier research and development institution under the Ministry of New and Renewable Energy (MNRE), to collaborate on quality assurance (QA) services for solar and renewable energy. revealed that. project.
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RITES reported that it secured over 90 orders worth Rs 729 million for the second quarter ended September 2024, taking the total order book to Rs 6,581 million.
The company had reported a consolidated net profit of Rs 83 million for the quarter compared to Rs 110 million in the corresponding quarter of the previous fiscal. Standalone revenue since the previous quarter increased by 16.5% from Rs 475 million to Rs 554 million.
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