NEW DELHI (Metro Rail News): RITES, a Central Public Sector Undertaking under the Ministry of Railways, has emerged as the lowest bidder in a tender floated by the Railway Board. The contract, with an estimated value of around ₹65.4 Crore, entails significant responsibility. The company is set to undertake testing and inspection of rails as per the stringent IRS T-12 2009 standards for Indian Railways.
The order covers the inspection of 60,000,000 MT of rail with inspection costs estimated to be paid in five years at a cost of Rs. 65.4 crore plus taxes.
The stipulated duration for the execution of the order(s)/contract(s) spans five years, with one-year extension.
Moreover, RITES Limited has recently inked a memorandum of understanding (MoU) with NHPC Limited. This strategic collaboration is geared towards providing comprehensive consultancy services for rail infrastructure facilities in NHPC’s hydropower projects.
RITES Limited holds the position of a prominent player in India’s transport consultancy and engineering sector. As a Miniratna (Category–I) Schedule ‘A’ Public Sector Enterprise, it delivers a variety of services across different sectors and covers a broad geographical scope.