RITES Bags Rs 470 Million Turnkey College Project in Karnataka

15 Jul 2025 CW Team

RITES Ltd has secured a turnkey contract worth Rs 470 million (excluding taxes) for the construction and renovation of Government First Grade Colleges across Karnataka under the central government’s PM USHA Scheme. The order was awarded by the Department of Collegiate and Technical Education (DCTE), Unnatha Shikshna Soudha, Bengaluru.

Initially planned as a Project Management Consultancy (PMC) assignment, the project has been revised into a turnkey model inclusive of full construction scope and RITES’ fees. The contract is set to be executed over 36 months from the signing date and includes comprehensive infrastructure upgrades across various college campuses in the state.

In addition to this, RITES last week announced two major contract wins. One involves a $3.6 million international order from African Rail Company for supplying and commissioning two overhauled Cape Gauge ALCO diesel-electric locomotives. These locomotives, upgraded with new traction motors, bogies, air brake systems, and control systems, will serve operations in Zimbabwe, Mozambique, and Botswana, supported by warranty and technical services from RITES.

Separately, a joint venture between RITES and Aryan has received a Letter of Acceptance from South Western Railway for redeveloping Tumakuru Station. The scope of work includes civil construction, signal and telecommunication upgrades, and electrical services under an engineering, procurement and construction (EPC) contract.

On Friday, shares of RITES Ltd closed at Rs 278.35 on the BSE, down by Rs 2.05 or 0.73 per cent.

Infrastructure Urban

09 Feb 2026

Taural India Commissions Second Aluminium Casting Plant in Maharashtra

Taural India recently commissioned its second aluminium sand casting manufacturing facility in India at Supa, Maharashtra, marking a major expansion after its first plant in Pune. The 30-acre facility was inaugurated by the Honourable Chief Minister of Maharashtra, Shri Devendra Fadnavis, and represents a significant addition to the state’s advanced manufacturing ecosystem.Designed to meet global engineering and sustainability benchmarks, the Supa plant integrates automation, digital process controls and advanced quality systems. It will manufacture complex, high-tolerance aluminium componen..

Mumbai Sees 14-Year High January Stamp Duty Collection

Mumbai city, under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, recorded 11,219 property registrations in January 2026, generating over Rs 10.12 billion in stamp duty revenue for the Maharashtra government. This marked the highest January revenue collection in the past 14 years, despite an eight per cent year-on-year decline in registration volumes compared to January 2025.Stamp duty collections rose two per cent year-on-year, indicating a growing share of higher-value transactions in the city’s housing market. Residential properties continued to dominate activity, accounting f..

Reliance MET City Launches Mixed-Use ‘Metropolis’ in Haryana

Reliance MET City, a wholly owned subsidiary of Reliance Industries Limited, has recently announced the launch of Metropolis by MET City, a large-scale integrated mixed-use development at Daryapur in Jhajjar district, Haryana.The project is part of a 140-acre master-planned development comprising residential plots, industrial plots and a future group housing component. In the current phase, around 100 acres are being launched.Envisioned as a multi-dimensional ecosystem, Metropolis brings together residential living and industrial activity within a single, well-planned township. The residential..