Stories
RITES Hikes Karnataka Railway Electrification Project Cost by 58% to ₹155 Crore
C
CNBC TV18•22-09-2026, 15:29
RITES Hikes Karnataka Railway Electrification Project Cost by 58% to ₹155 Crore
- •RITES revised the project cost for the Bidar-Kalaburagi railway electrification to ₹154.65 crore, a 58% increase from the initial ₹97.96 crore.
- •The project involves Project Management Consultancy (PMC) services for 110 route kilometres for South Central Railway on a cost-plus turnkey basis.
- •RITES maintains a strong order book, expecting it to cross ₹10,000 crore soon, with projects now moving into the execution phase for revenue growth.
- •The company reported an 8.6% YoY revenue increase to ₹532 crore and a 7.7% rise in net profit to ₹98 crore for the June quarter.
- •Government approval of ₹20,800 crore for multitracking projects across nine states could offer further opportunities for RITES.
Key Questions Answered
RITES has revised the project cost for the railway electrification between Bidar and Kalaburagi in Karnataka to ₹154.65 crore, excluding GST, which is a 58% increase from the earlier estimate of ₹97.96 crore.
The project involves providing Project Management Consultancy services for the electrification of 110 route kilometres between Bidar and Kalaburagi and was awarded by South Central Railway.
RITES reported an 8.6% year-on-year increase in revenue to ₹532 crore and a 7.7% rise in net profit to ₹98 crore for the June quarter of FY27.
