+
RITES Wins $3.4 Million High-Speed Rail Survey Contract
RAILWAYS & METRO RAIL

RITES Wins $3.4 Million High-Speed Rail Survey Contract

RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, saw its shares surge by 4.18% to Rs 221.70 after announcing a major contract win. The company received a Letter of Acceptance (LoA) valued at approximately $3.4 million from South Central Railway for conducting high-speed rail corridor surveys.

The project involves a comprehensive final location survey aimed at preparing the Detailed Project Report (DPR), designing the final alignment, generating traffic survey reports, calculating the rate of return (ROR), estimating detailed costs, and drafting EPC documents. These tasks will cover the High-Speed Elevated Rail Corridors between Hyderabad-Bengaluru and Hyderabad-Chennai, utilizing advanced survey techniques like Airborne and Terrestrial LIDAR.

The company is expected to complete the survey within eight months, as stated in the official announcement made on Thursday, 06 March 2025, after market hours.

RITES is recognized as a key player in India's transport consultancy and engineering sector, offering diversified services with a broad geographical reach. As of 31st December 2024, the Government of India held a 72.20% stake in the company.

Despite the profit decline, RITES continues to secure new projects, demonstrating its robust position in the infrastructure sector.

Image Source: Railwaypro

RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, saw its shares surge by 4.18% to Rs 221.70 after announcing a major contract win. The company received a Letter of Acceptance (LoA) valued at approximately $3.4 million from South Central Railway for conducting high-speed rail corridor surveys. The project involves a comprehensive final location survey aimed at preparing the Detailed Project Report (DPR), designing the final alignment, generating traffic survey reports, calculating the rate of return (ROR), estimating detailed costs, and drafting EPC documents. These tasks will cover the High-Speed Elevated Rail Corridors between Hyderabad-Bengaluru and Hyderabad-Chennai, utilizing advanced survey techniques like Airborne and Terrestrial LIDAR. The company is expected to complete the survey within eight months, as stated in the official announcement made on Thursday, 06 March 2025, after market hours. RITES is recognized as a key player in India's transport consultancy and engineering sector, offering diversified services with a broad geographical reach. As of 31st December 2024, the Government of India held a 72.20% stake in the company. Despite the profit decline, RITES continues to secure new projects, demonstrating its robust position in the infrastructure sector.Image Source: Railwaypro

Next Story
Infrastructure Energy

REC Hosts 56th AGM, Highlights Record Growth and Sustainability

REC Limited conducted its 56th Annual General Meeting (AGM) today through video conferencing, chaired by Jitendra Srivastava, Chairman & Managing Director. The meeting highlighted the company’s record operational and financial performance during the year, along with its strong focus on sustainability and ESG-led initiatives.Jitendra Srivastava, Chairman & Managing Director, in his address noted that REC achieved significant milestones during the year, strengthening its position as a performance-driven public financial institution. Loan sanctions stood at Rs 3.37 trillion, with disbur..

Next Story
Infrastructure Transport

ADGBR Reviews Road Projects under Project Vartak

Additional Director General Border Roads (ADGBR) Jitendra Prasad conducted a four-day review of ongoing road and bridge construction works under Project Vartak in the area of responsibility (AoR) of the 42 Border Roads Task Force (BRTF) from 19 to 22 August.Prasad inspected key infrastructure projects including the Balipara–Charduar–Tawang (BCT) road, Sela–Chabrela–Banga Janga Gonpa road, Banga Janga Gonpa–Lagamche GG road, the Sela tunnel, and multiple roads in the Nelya sector.At various construction sites, project officials briefed him on project scope, progress, timelines, and op..

Next Story
Infrastructure Transport

Nitin Gadkari Launches Three Highway Projects in Madhya Pradesh

Union Minister for Road Transport and Highways, Nitin Gadkari, laid the foundation stone for three National Highway (NH) projects in Madhya Pradesh on 24 August. According to the Ministry of Road Transport and Highways (MoRTH), the projects are designed to reduce travel time, ease congestion, enhance road safety, and improve connectivity across key corridors.The first project covers the four-laning of the 17.87 km Amazhar–Barela stretch, completing the Jabalpur Ring Road. The upgrade will divert heavy vehicles away from the city, reduce accident risks, and ensure smoother connectivity from A..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?