“This is an 80 KM long greenfield project and it has two phases: 1) Preparation of DPR and 2) Construction supervision. Duration is 13 months for Phase — 1 and 30 months for Phase - 2. The project is funded by Exim Bank of India under LOC.
Total Fee Income would be about Rs63cr and signing of Contract is expected to take place soon,” company said in a regulatory filing on Friday.
Rites Ltd trade on Friday ended at Rs238 per piece down by Rs0.6 or 0.25% from its previous closing of Rs238.60 per piece on the BSE.