RITES Limited has announced a significant enhancement in its contract value with National Aluminium Company Limited (NALCO) for a railway siding construction project. The company received an amendment to the Letter of Award (LOA) dated March 31, 2021, which has resulted in a substantial increase in the project's financial scope from ₹79.73 crore to ₹118.89 crore.

Contract Enhancement Details

The railway infrastructure consultancy firm disclosed that the contract value has been enhanced significantly, reflecting the expanded scope of the project. The enhancement represents an increase of ₹39.16 crore over the original contract value.

Project Specifications

The contract involves comprehensive engineering and project management services for NALCO's coal mining operations. The project encompasses detailed engineering and project management consultancy (PMC) for construction of railway siding at Sankerjang in Phase-I for Utkal-D Coal Mines in Odisha.

Regulatory Compliance

RITES Limited made this disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this is not a related party transaction and that no promoter or group companies have any interest in the awarding entity.

The project execution is currently ongoing, with RITES providing comprehensive consultancy services for the railway infrastructure development. This contract enhancement demonstrates the company's continued engagement in significant railway infrastructure projects across India's industrial sector.

The disclosure was signed by Nikhil Agarwal, Company Secretary & Compliance Officer, ensuring transparency and regulatory compliance for all stakeholders.

RITES Limited has announced important changes in its senior management structure, with two key personnel transfers taking effect from April 8, 2026. The company has informed stock exchanges about these organizational changes as part of its regulatory compliance under SEBI regulations.

Management Restructuring Details

The senior management changes involve strategic repositioning of experienced executives within the organization:

Executive Profiles and Experience

Mrs. Shobhana Palli

Mrs. Shobhana Palli brings substantial expertise to her new role as Vertical Head for RI & Metro operations. Her professional background includes:

• Over 31 years of multi-disciplinary professional experience
• Graduate in Civil Engineering from Jawahar Lal Nehru Technology University, AP
• Master of Engineering in Structural Engineering from Andhra University
• Long tenure with RITES Limited since joining in June 1995

Colonel Mahesh Narayan

Colonel Mahesh Narayan's appointment to the senior management represents significant addition of infrastructure expertise. His credentials include:

• Veteran infrastructure strategist with over 30 years of experience
• IIT Delhi alumnus with M.Tech in Geotechnical & Geo-Environment
• Extensive international project experience across 30+ airports globally
• Contributed to over 140 facilities in countries including Mauritius, Sri Lanka, Bhutan, Seychelles, Nepal, and Maldives
• Led multi-billion rupee transport and airport projects in India
• Former Instructor at College of Military Engineering, Pune

Regulatory Compliance

The company has made these disclosures pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both executives have confirmed they are not related to any other directors of the company, ensuring compliance with corporate governance requirements.

Strategic Implications

These management changes reflect RITES Limited's focus on strengthening its operational capabilities across different verticals. Mrs. Palli's transfer to the RI & Metro vertical leverages her extensive civil engineering background, while Colonel Narayan's appointment to head the Southern Region Project Office brings specialized airport infrastructure and international project expertise to the region.