Rites Ltd News Today

The work entails technical and management assistance for the proposed Phase-II SILO rail connectivity project at the Lakhanpur Area of MCL, as stated in the firm's regulatory filing.

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.