+
RITES Wins Rs 3.73 Billion NIMHANS Project in Bengaluru
PORTS & SHIPPING

RITES Wins Rs 3.73 Billion NIMHANS Project in Bengaluru

RITES Limited, the state-owned engineering consultancy, announced on Monday, 3 November, that it has received a Letter of Award (LoA) from the National Institute of Mental Health & Neuro Sciences (NIMHANS) for providing Project Management Consultancy (PMC) services for the construction of a new Outpatient Department (OPD) building at the NIMHANS campus in Bengaluru.

According to the company’s stock exchange filing, the project will be executed on a turnkey basis with a total contract value of Rs 3.73 billion, exclusive of GST and inclusive of the PMC fee. The project is scheduled for completion within 36 months.

RITES clarified that the contract was awarded by a domestic entity and that neither the promoter nor the promoter group has any direct or indirect interest in NIMHANS. The order does not fall under related party transactions.

The award adds to RITES’ expanding project portfolio in public infrastructure and healthcare facilities, further cementing its reputation as a leading multidisciplinary engineering consultancy.

Separately, RITES recently announced the signing of a Memorandum of Understanding (MoU) with the Shipping Corporation of India (SCI) to explore collaboration in maritime logistics and multi-modal transport solutions. The partnership aims to ensure timely and efficient cargo movement across global destinations while developing cost-effective and resilient supply chain models suited to RITES’ operational needs.

Both organisations will also engage in knowledge exchange and capacity-building initiatives, focusing on supply chain resilience, digital cargo tracking, and logistics planning for high-value consignments.

Shares of RITES Ltd closed at Rs 247.85, up 0.96 per cent or Rs 2.35, on the BSE on Monday.

RITES Limited, the state-owned engineering consultancy, announced on Monday, 3 November, that it has received a Letter of Award (LoA) from the National Institute of Mental Health & Neuro Sciences (NIMHANS) for providing Project Management Consultancy (PMC) services for the construction of a new Outpatient Department (OPD) building at the NIMHANS campus in Bengaluru. According to the company’s stock exchange filing, the project will be executed on a turnkey basis with a total contract value of Rs 3.73 billion, exclusive of GST and inclusive of the PMC fee. The project is scheduled for completion within 36 months. RITES clarified that the contract was awarded by a domestic entity and that neither the promoter nor the promoter group has any direct or indirect interest in NIMHANS. The order does not fall under related party transactions. The award adds to RITES’ expanding project portfolio in public infrastructure and healthcare facilities, further cementing its reputation as a leading multidisciplinary engineering consultancy. Separately, RITES recently announced the signing of a Memorandum of Understanding (MoU) with the Shipping Corporation of India (SCI) to explore collaboration in maritime logistics and multi-modal transport solutions. The partnership aims to ensure timely and efficient cargo movement across global destinations while developing cost-effective and resilient supply chain models suited to RITES’ operational needs. Both organisations will also engage in knowledge exchange and capacity-building initiatives, focusing on supply chain resilience, digital cargo tracking, and logistics planning for high-value consignments. Shares of RITES Ltd closed at Rs 247.85, up 0.96 per cent or Rs 2.35, on the BSE on Monday.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code