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Key Points

RITES Limited, a state-owned engineering consultancy, has secured a substantial USD 9.7 million contract to upgrade the Palmyra to Moleson Creek Highway in Guyana. The project is set to span five years, including pre-construction, construction, and post-construction phases. Recently granted Navratna status, the company continues to demonstrate its prowess in international infrastructure development. This contract further strengthens RITES' reputation as a leading multidisciplinary engineering firm with global reach.

Key Points: RITES Secures $9.7M Guyana Highway Upgrade Project

  • Multidisciplinary engineering firm wins significant international infrastructure project
  • Five-year highway upgrade contract in South American country
  • Recently awarded Navratna status by government
  • Expands RITES' global infrastructure consulting portfolio
1 min read

RITES receives order worth USD 9.7 million from Guyana

State-owned RITES Limited wins major infrastructure contract for Palmyra to Moleson Creek Highway, showcasing international engineering expertise.

"The grant of 'Navratna' status typically leads to an enhanced delegation of powers - RITES Announcement"

New Delhi, January 1

State-owned company RITES Limited has bagged an order for upgrading of a creek highway in Guyana worth staggering USD 9.7 million (excluding taxes), as per a stock exchange filing Wednesday.

RITES today said it has received notification of 'Intention to Award' from Ministry of Public Works, Government of the Co-operative Republic of Guyana.

The project in the South American country -- Palmyra to Moleson Creek Highway- Lot 1-3 -- would be completed in five years, which includes 36 months pre-construction and construction period and 24 months - post construction period, as per the stock exchange filing.

RITES, a Central Public Sector Enterprise under the Ministry of Railways, incorporated in 1974, is a multidisciplinary engineering and consultancy firm.

The company was accorded Navratna status in October 2023.

It provides services in the diverse sectors of transportation, railways, export of rolling stock, highways, airports, metros, urban engineering and sustainability, ports and waterways, and energy management.

The grant of 'Navratna' status typically leads to an enhanced delegation of powers, more operational freedom, and financial autonomy which will give huge impetus to these companies.

The Navratna companies have the autonomy to invest up to Rs 1,000 crore without seeking approval from the central government.

- ANI

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Reader Comments

A
Anjali P.
This is fantastic news for RITES! Securing international projects shows how Indian engineering firms are becoming globally competitive. 🇮🇳 The Navratna status seems to be paying off already.
R
Rahul K.
Interesting project, but I wonder why it takes 36 months just for pre-construction and construction phases? That seems quite long for a highway upgrade. Hope they can deliver quality work within this timeline.
S
Sanjay M.
Guyana is investing heavily in infrastructure lately. Smart move by RITES to tap into this market. The 24-month post-construction period suggests they're serious about maintenance too.
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Priya D.
As someone from the construction industry, I'm impressed by RITES' diverse portfolio. From railways to highways to airports - they're covering all transport sectors! 👏
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Vikram S.
$9.7 million is decent but not "staggering" for an international project. The article could have provided more context about typical project sizes in this region for comparison.
N
Neha T.
The Navratna status details were the most interesting part for me. ₹1000 crore investment autonomy is huge! No wonder RITES is expanding so aggressively internationally.

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