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The company stated that project is expected to be completed within eight months. It shall execute a formal agreement within the due course.
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EBITDA margin contracted by 440 bps to 24.8%, compared with last year.
SAIL's Bhilai Steel Plant has contracted RITES to repair 43 WDS6 locomotives as part of the "R3Y/R6Y Repair of WDS6 Locomotives" project.
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The cost includes construction costs and PMC charges, excluding GST. The project shall be completed in 59 months from the effective date including defect liability period.
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The revised order puts more focus on the commitment of RITES to further Indian railway electrification projects.
Scope of work includes upgrades and modifications to improve performance and extend the lifespan of DMRC's RS-1 trains.
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