RITES has informed the exchanges that it has emerged as the lowest bidder (L-1) in the tender floated by UP State Bridge Corporation Limited for Consultancy Services for Construction of Civil Works (CSC) for supervision, monitoring, quality control, and work zone safety for the construction of bridges, rail over/under bridges, flyovers and elevated roads, including approaches, across multiple districts of Uttar Pradesh.
In the exchange filing, the company also shared, “The order is subject to award after the due process of scrutiny / evaluation by the UP State Bridge Corporation Limited as per the requisite requirements mentioned in the tender documents. The estimated value of the bid is Rs. 60.03 Crore plus GST.”
In the meantime, as of 9:43 am, RITES shares were trading 0.53% higher at Rs 668.05 on the NSE.
