Wednesday, Jun 26 2024 | Time 01:09 Hrs(IST)
Business Economy

RITES gets order over Rs 915 cr to supply passenger carriages to Bangladesh Railways

New Delhi, Apr 30 (UNI) Public sector infrastructure firm Rail India Technical and Economic Service (RITES) under the Ministry of Railways has secured an order for over USD 111 million (about Rs 915 crore) from Bangladesh Railways to supply passenger carriages.
“RITES Limited has received a letter of acceptance from Bangladesh Railway in connection with supply of 200 Broad Gauge (BG) Passenger Carriages to Bangladesh Railway,” RITES said in a regulatory filing with the stock exchanges.
As per the significant terms and conditions of order(s)/ contract(s) awarded is Supply of 200 Broad Gauge (BG) Passenger Carriages to Bangladesh Railway including Drawing, Parts Catalogue, Capital & Maintenance Spares, Overseas Training, Study Tour, Service Engineers, De-processing and Commissioning etc.
According to RITES the time period by which the order(s)/contract(s) is to be executed is 36 months from the date of receipt of letter of acceptance.
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