Rites revises estimate for Northeast Frontier Railway electrification to Rs 532 crore

State-run Rites informed that it has received a revised estimate of Rs 532 crore for an electrification project under the Northeast Frontier Railway. The revised total cost for the project stands at Rs 531.77 crore, excluding GST, which marks an increase from the original cost of Rs 288.44 crore. 

The electrification work is to be carried out on a turnkey basis at the Lumding junction and Badarpur junction section of the Lumding division of Northeast Frontier Railway, it added.

The company’s consolidated net profit declined 27.84% to Rs 72.98 crore in Q2 FY25 as against Rs 101.15 crore recorded in Q2 FY24. Revenue from operations fell 7.12% to Rs 540.86 crore in the quarter ended 30 September 2024 from Rs 582.36 crore posted in Q2 FY24. The Shares of Rites rose 0.49% to end at Rs 275.20 on the BSE on Friday.

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