NEW DELHI (Metro Rail News): RITES, a Central Public Sector Undertaking under the Ministry of Railways, has emerged as the lowest bidder in a tender floated by the Railway Board. The contract, with an estimated value of around ₹65.4 Crore, entails significant responsibility. The company is set to undertake testing and inspection of rails as per the stringent IRS T-12 2009 standards for Indian Railways.
The order covers the inspection of 60,000,000 MT of rail with inspection costs estimated to be paid in five years at a cost of Rs. 65.4 crore plus taxes.
The stipulated duration for the execution of the order(s)/contract(s) spans five years, with one-year extension.
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