RITES announced that it has received a letter of award worth Rs 25.30 crore from NTPC for a biennial MGR mega contract covering S&T maintenance, track maintenance, MGR operations and DU handling at the NTPC Mouda Super Thermal Power Project.
RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach.NTPC, along with its subsidiaries/associates & JVs, is primarily involved in the generation and sale of bulk power to state power utilities. Other business of the group includes providing consultancy, project management & supervision, energy trading, oil & gas exploration, and coal mining.
Shares of RITES slipped 0.12% to close at Rs 244.15, while NTPC declined 1.03% to close at Rs 327.55 on 29 August 2025.
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