RITES bags Rs 297.67 crore contract for Integrated Check Post project from MEA

State-run engineering firm RITES Ltd on Friday (December 13) said it has been awarded a contract worth Rs 297.67 crore by the Ministry of External Affairs (MEA), Government of India. The project involves providing Project Implementation Services for the construction of an Integrated Check Post (ICP).

 RITES has received work for Project Implementation Services for the Construction of Integrated Check Post (ICP) from Ministry of External Affairs, Govt. of India," RITES said in a regulatory filing. The project is slated for completion within 59 months, including the defect liability period.

The contract value includes construction costs along with Project Management Consultancy (PMC) fees but excludes GST. On Friday (December 13), shares of RITES Ltd ended at Rs 296.50, down by Rs 2.20, or 0.74% on the BSE.

Join PSU Connect on WhatsApp now for quick updates! Click here

Read Also : NHPC board approves revised borrowing plan of Rs 6,900 crore for FY25