Sri Lanka receives 10 state-of-the-art railway passenger coaches from India
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Sri Lanka has received ten state-of-the-art railway passenger coaches from India as part of the supply of 160 coaches to Sri Lankan Railways by the Rail India Technical and Economic Service (RITES). India-Sri Lanka cooperation in the transport sector continues to expand with the arrival of 10 state-of-the-art railway passenger coaches at the Colombo Port, said Indian High Commission in Colombo in a tweet on Wednesday.
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. 05 Apr 2021
It further said that this supply of coaches to Sri Lankan Railways by RITES is being financed through an Indian Line of Credit.
Rites said its consortium has secured a general consultancy order from Haryana Rail infrastructure Development Corporation for their Haryana Orbital Rail Corridor (HORC).
On 11 February 2021, the company had informed that it had emerged as L-1 (lowest) bidder for the aforementioned contract.
The order is for a new electrified broad-gauge double line (about 144 kms) from Palwal to Sonipat via Sohna, Manesar and Kharkhoda in the state of Haryana with speed potential of 160 kmph. Fee payable to the consortium will be about Rs 61 crore.
RITES is a Miniratna (Category - I) Schedule A Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31 December 2020, the Government of India held 72.2% stake in the company.
Rites has secured orders worth Rs 93 crore.
These include a turnkey order of signalling works from Ministry of Railways
amounting to Rs. 67.18 crore and extension of general consultancy work for Nagpur Metro rail
project and GEC positions from Gujarat Metro Rail Corporation
amounting to Rs. 26 crore.
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Read more about RITES emerges as lowest bidder for consultancy order on Business Standard. RITES has, in consortium, emerged as L-1 bidder for a General Consultancy order from Haryana Rail Infrastructure Development Corporation for their Haryana Orbital Rail Corridor (HORC).
Read more about RITES in demand after order win on Business Standard. RITES rose 1.54% to Rs 273.15 after the company secured a work order of Rs 67.79 crore from National High Speed Rail Corporation (NHSRCL).