RITES has received revised cost estimates for a significant Railway Electrification project from the South Western Railway, specifically for the Mysuru-Hassan-Mangaluru including Hassan-Arsikere route. The contract, valued at a Revised Project Cost of ₹729.28 Crore (excluding GST), is based on a Cost Plus Turnkey model. This confirmation updates a previous disclosure from June 2021 and confirms the order is purely between Government entities, with the execution period currently ongoing.
RITES Secures Revised Major Order from South Western Railway
RITES Limited has announced receiving revised estimates for a major contract related to the Railway Electrification work concerning the project: “Mysuru-Hassan-Mangaluru including Hassan-Arsikere.” This update follows an initial intimation provided on June 28, 2021.
The awarding entity is the South Western Railway, and the order is classified as a Domestic Entity award. The terms of the agreement are based on a Cost Plus Turnkey basis.
Revised Project Value and Details
The broad consideration for this contract has been revised. The Revised Project Cost is now stated as ₹729.28 Crore (excluding GST, but including RITES fees). The execution period for the work is specified as Ongoing.
Transaction Nature Summary
- Entity Type: Domestic Entity.
- Execution Status: Ongoing.
- Related Party Transaction: The transaction is confirmed to be between the Government and a Government Company, implying it is conducted at an arm’s length.
Context from Previous Disclosure (June 2021)
The initial intimation from June 28, 2021, referenced two major orders secured from the Ministry of Railways totaling ₹749.67 crores (including fees) on a turnkey basis. These original orders included:
- Mysore – Hassan – Manglore incl. Hassan – arsikere (Value: ₹461.23 crore).
- Kadur – Chikmaglur and Lumding – Badarpur (Value: ₹288.44 crore).
The current announcement dated March 06, 2026, focuses on the revised estimates for the Mysuru-Hassan-Mangaluru portion of this extensive electrification work.
Source: BSE
