Addressing the 41st Annual General Meeting of the Company, at Rail Bhawan, Mr. Rajeev Mehrotra, Chairman (RITES) said that one of the most key achievement during the year had been the award of the prestigious project of Bangladesh Railways (BR) for the supply of 120 broad gauge LHB passenger coaches and the completion of the contract for the delivery of twenty six locomotives. Also, the company completed preliminary engineering-cum-traffic study for the two proposed Dedicated Freight Corridors: North-South Corridor and East-West Corridor in India and Modern Bus Terminal at Maltipatpur, Puri for the Odisha Government. It is also engaged in installation of 26 MW windmill farm in Jaisalmer, Rajasthan, the biggest renewable energy project for the captive consumption of railways through its JV Company with the Indian Railways. Business of offering locomotives on wet lease including operation & maintenance continued to be well received by domestic non- railway clients. With positive scenario for railways and other infrastructure investments, the company sees growth in the coming years.
Powered by Capital Market - Live News