RITES Limited , a leading transport infrastructure consultancy and engineering company, has announced a significant contract win from Damodar Valley Corporation (DVC). The company has secured an Annual Maintenance Contract (AMC) and Operations & Maintenance (O&M) order valued at Rs. 36.22 crore for the Mejia Thermal Power Station.

Contract Details

The contract, as disclosed by RITES to the stock exchanges, encompasses the following key aspects:

Significance of the Order

This contract win underscores RITES' expertise in providing comprehensive maintenance and operational services for critical infrastructure in the power sector. The Mejia Thermal Power Station, operated by Damodar Valley Corporation, is an important power generation facility, and this contract ensures the efficient functioning of its railway sidings and associated systems.

Company Statement

In its filing to the stock exchanges, RITES stated that the contract is not a related party transaction, and none of its promoter or promoter group companies have any interest in Damodar Valley Corporation.

About RITES Limited

RITES Limited is a Miniratna (Category – I) Schedule 'A' Public Sector Enterprise under the Ministry of Railways, Government of India. The company is a leading player in transport consultancy and engineering sector in India, providing a comprehensive array of services under a single roof and believes in transfer of technology to client organizations.

This contract win reinforces RITES' position in the infrastructure services sector and demonstrates its continued ability to secure significant projects from major public sector enterprises.

RITES Limited , India's premier transport infrastructure consultancy and engineering firm, has taken a significant step towards expanding its international presence by signing a Memorandum of Understanding (MoU) with Etihad Rail. The agreement, aimed at furthering business collaboration in the mobility sector, was formalized during the Global Rail Transport Infrastructure Exhibition & Conference in Abu Dhabi.

Key Highlights of the Partnership

• RITES signed the MoU with Etihad Rail's subsidiary, National Infrastructure Construction Company (NICC) LLC, a UAE-based infrastructure construction company.
• The collaboration seeks to leverage RITES' five decades of expertise in consultancy, transport infrastructure, and engineering solutions alongside NICC's execution capabilities.
• This strategic move is part of RITES' 'RITES Videsh' initiative, aimed at strengthening its international footprint.

Signing Ceremony Details

The MoU was signed by H.E. Shadi Malak, CEO of Etihad Rail, and Mr. Rahul Mithal, Chairman and Managing Director of RITES Ltd. The ceremony was graced by the presence of His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Etihad Rail, and H.E. Sunjay Sudhir, Ambassador of India to the UAE.

Scope of Collaboration

This partnership is expected to create synergies for shaping infrastructure projects in the UAE and potentially beyond. By combining RITES' extensive experience with NICC's local expertise, the collaboration aims to contribute significantly to the development of mobility infrastructure in the region.

About the Companies

RITES Limited

• A Navratna Public Sector Enterprise in India
• Over 50 years of experience in transport consultancy and engineering
• Projects undertaken in more than 55 countries across Asia, Africa, South America, and the Middle East

National Infrastructure Construction Company (NICC)

• Established in 2022 as a subsidiary of Etihad Rail
• Specializes in the design and development of comprehensive infrastructure projects
• Expertise includes railway infrastructure, terminals, facilities, and depots

This collaboration underscores RITES' commitment to its ethos, "We Shape What Shapes Lives," and marks a significant step in its global expansion strategy. As both companies bring their strengths to the table, this partnership has the potential to drive innovation and excellence in infrastructure development across the UAE and neighboring regions.