RITES Increases Contract Value with NALCO to ₹118.89 Crore
RITES announces revision in NALCO contract value to Rs 118.89 cr
Business Standard
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RITES has revised its contract with the National Aluminium Company (NALCO) for project management consultancy on the construction of a railway siding at Sankerjang, Odisha, India. The contract value has increased from ₹79.73 crore (approximately $9.6 million USD) to ₹118.89 crore (approximately $14.4 million USD).
- 01RITES has amended its contract with NALCO, increasing the value significantly.
- 02The contract pertains to project management consultancy for railway siding construction.
- 03The new contract value is ₹118.89 crore, up from ₹79.73 crore.
- 04This amendment reflects the project's importance to NALCO's coal mining operations.
- 05The contract is based on a cost-plus turnkey model.
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RITES (Rail India Technical and Economic Service) has announced a significant revision in its contract with the National Aluminium Company (NALCO), increasing the contract value from ₹79.73 crore (approximately $9.6 million USD) to ₹118.89 crore (approximately $14.4 million USD). This amendment pertains to the Detailed Engineering and Project Management Consultancy (PMC) for the construction of a railway siding at Sankerjang in Odisha, India, as part of Phase-I for the Utkal-D Coal Mines project. The revised contract is based on a cost-plus turnkey basis, indicating a comprehensive approach to project execution. This adjustment highlights the growing importance of efficient transport infrastructure for NALCO's coal mining operations.
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The increased contract value could lead to enhanced project execution and potentially create more jobs in the region as construction progresses.
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