RITES Amends NALCO Contract to ₹118.89 Crore for Railway Siding Project
RITES has amended its contract with NALCO, increasing the value to ₹118.89 crore for project management consultancy services. This adjustment reflects an expanded project scope for the construction of a railway siding at Sankerjang, crucial for coal evacuation operations.
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RITES has secured a contract amendment from National Aluminium Company Limited (NALCO), raising the contract value from ₹79.73 crore to ₹118.89 crore, excluding GST. This pertains to the Detailed Engineering and Project Management Consultancy for the railway siding at Sankerjang, part of the Utkal-D Coal Mines development.
Originally awarded on March 31, 2021, the contract operates on a cost-plus turnkey basis under a deposit mode. The increase indicates an expanded project scope and enhanced financial commitment. The project remains a domestic contract with no involvement from international entities, which may reinforce RITES's strategic position in infrastructure development.
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