RITES receives letter of intent from Bharat Electronics
The estimated project cost is Rs 177.225 crore excluding GST

RITES has received Letter of Intent from Bharat Electronics for Design, Project Management Consultancy (PMC) Services and Construction of Mass Manufacturing Facility for EM SBU at BEL--Palasamudram (AP) on cost plus basis. The estimated project cost is Rs 177.225 crore excluding GST (including PMC fee). The order is to be executed within 24 months from the date of agreement.
RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.