RITES secures Rs 28 crore order from Mahanadi Coalfields for rail connectivity project
RITES Limited has received a major order from Mahanadi Coalfields Limited (MCL) for providing Detailed Engineering and Project Management Consultancy services. The scope of the project involves the rail connectivity for the proposed phase-II SILO at Lakhanpur Area of MCL.
According to the regulatory filing dated April 24, 2025, the work order is valued at ₹28 crore (excluding GST) and is expected to be executed over a period of 24 months. The order has been awarded by a domestic entity and does not involve any related party transaction.
RITES clarified that neither the promoter group nor any group companies have any interest in the awarding entity, and the order will be executed under standard terms.
This project win reinforces RITES' strong presence in the rail infrastructure consultancy space and its long-standing collaboration with coal and public sector enterprises.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always consult a financial advisor before making investment decisions.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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