RITES Bags Rs 362 Million Order From DVC

07 Oct 2025 CW Team

RITES Limited, a Schedule 'A' enterprise under the Government of India, has announced that it has received a major domestic work order from the Damodar Valley Corporation (DVC). The company disclosed the development in a filing to the BSE and NSE dated 2 October 2025. The total contract value stands at Rs 362 million (excluding GST).

Under the agreement, RITES will provide comprehensive services for the DVC Mejia Thermal Power Station. The scope of work includes the Annual Maintenance Contract (AMC) for Railway Sidings tracks, Operation and Maintenance (O&M) of Signalling and Telecommunication (S&T) systems, and the operation of 25KV Overhead Equipment (OHE) isolators and associated systems. The project must be executed within 730 days from the commencement date.

The filing also stated that the contract is with a domestic entity and does not constitute a related-party transaction. Furthermore, RITES confirmed that neither its promoters nor the promoter group have any financial or business interest in DVC.

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