Rites Revises Estimate for Northeast Frontier Railway Electrification
ECONOMY & POLICY

Rites Revises Estimate for Northeast Frontier Railway Electrification

RITES, a leading public sector enterprise in transport consultancy and engineering, announced a revised estimate of Rs 532 crore for an electrification project under the Northeast Frontier Railway. The project, initially estimated at Rs 288.44 crore, involves the electrification of the Lumding and Badarpur junctions in the Lumding division, which will be executed on a turnkey basis.

As of September 30, 2024, the Indian government holds a 72.20% stake in RITES, and the company has faced a 27.84% decline in consolidated net profit for Q2 FY25 compared to the previous year. Revenue from operations also fell by 7.12%. Despite this, RITES continues to expand its footprint in transport infrastructure, with the electrification project playing a key role in improving the energy efficiency of the railway network.

RITES, a leading public sector enterprise in transport consultancy and engineering, announced a revised estimate of Rs 532 crore for an electrification project under the Northeast Frontier Railway. The project, initially estimated at Rs 288.44 crore, involves the electrification of the Lumding and Badarpur junctions in the Lumding division, which will be executed on a turnkey basis.As of September 30, 2024, the Indian government holds a 72.20% stake in RITES, and the company has faced a 27.84% decline in consolidated net profit for Q2 FY25 compared to the previous year. Revenue from operations also fell by 7.12%. Despite this, RITES continues to expand its footprint in transport infrastructure, with the electrification project playing a key role in improving the energy efficiency of the railway network.

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?