Receipt of rate Contract - Rites Ltd

Code BSE: 541556 NSE:

RITES has received a rate contract from NTPC Limited for “Hiring of Diesel Locomotives on lease Basis for NTPC Power Plants across the Country”. NTPC stations shall place separate Purchase Orders from time to time within the validity of contract indicating exact requirement, completion period/date, amount etc. for actual execution Indicative value of this Rate Contract is Rs. 78.65 Crores (excluding GST). The value of actual orders will depend upon the actual requirement of various NTPC stations.