RITES Revises NALCO Contract Value To Rs 1188.9 Million

13 Apr 2026 CW Team

RITES has received an amendment to the Letter of Award dated 31 March 2021 for detailed engineering and project management consultancy for the construction of a railway siding at Sankerjang in Phase I for the Utkal-D coal mines of the National Aluminium Company. The assignment is on deposit mode and on a cost plus turnkey basis. The contract value has been enhanced to Rs 1188.9 million (mn) from Rs 797.3 mn. The award date remains unchanged.

The scope of work covers detailed engineering, procurement oversight and project management consultancy during the construction phase. RITES will be responsible for coordinating with contractors, monitoring progress against agreed timelines and ensuring compliance with technical specifications and safety standards. The consultancy is expected to involve regular reporting and interface with mine and rail authorities. The consultancy will cover design reviews, material specifications and construction sequencing.

The revision increases the financial magnitude of the engagement and will be reflected in RITES order inflows and revenue recognition in line with applicable accounting policies. Being on a cost plus turnkey basis, the arrangement provides for reimbursement of costs along with an agreed fee, which may affect cash flow patterns during execution. The company indicated that project monitoring and engineering control will remain central to delivery of the siding works. Timely approvals and coordination with NALCO and rail authorities will be essential for schedule adherence.

The amendment was communicated through a company disclosure and was first published on eight April 2026. The release noted that no Business Standard journalist was involved in its creation. Further operational details and timelines are expected to be shared by the parties as the project progresses. Stakeholders expect the enhanced scope to improve logistical connectivity for coal evacuation.

Resources

13 Apr 2026

Jyoti Structures wins three CIDC Vishwakarma Awards

Jyoti Structures has received three awards at the 17th CIDC Vishwakarma Awards 2026, organised by the Construction Industry Development Council, recognising excellence across project execution, workforce and leadership.The company was honoured under Category G (Best Construction Projects) for the 400/220 kV D/C Goa–Tamnar Transmission Project in Goa, following a multi-stage evaluation covering performance, safety and quality benchmarks.In Category E2 (Artisans & Supervisors), four members from JSL’s site team working on the Torrent project were recognised, reflecting consistency in sit..

Premier Energies Secures Rs 25,770 mn Orders In Q4

Premier Energies Limited has received orders aggregating to Rs 25,770 million (mn) in the fourth quarter of fiscal year 2026 for the supply of 1,600 megawatt (MW) solar cells and modules. Execution of these orders is scheduled across fiscal year 2027 and fiscal year 2028 and the contracts have been secured from a mix of domestic independent power producers, module manufacturers and engineering, procurement and construction contractors in India. Capacity increases support the order book, with cell capacity expected to reach 10.6 gigawatt (GW) by September 2026 and module manufacturing capacity ..

Steel Exchange India Reports Rs 280 mn Debt Repayment

Steel Exchange India Limited (SEIL), one of the leading integrated steel manufacturers in South India and the maker of SIMHADRI TMT, has reported the repayment of Rs 280 mn of debt over the last two quarters. The company informed exchanges under listing regulations that the repayment was part of scheduled deleveraging measures aimed at strengthening the balance sheet. The update followed credit facilities that were taken in September 2025 to support operations and growth initiatives. During the period October 2025 to March 2026 a partial redemption was executed with Rs 214.3 mn directed toward..