RITES Bags Belagavi-Kittur-Dharwad Railway Track Project

The leading Transport Infrastructure Consultancy and Engineering company, secured its highest-ever work order for railway track works from the Ministry of Railways. This turnkey order includes the three new line projects - Belagavi-Dharwad via Kittur, Shimoga-Shikaripura-Ranebennur and Tumkur-Devangree via Chitradurga, with a total cost of Rs. 4027 crore. RITES is currently executing a doubling project at Gooty-Dharmavaram and 3.1 line project at Annupur-Pendra Road of approx. 140 km, which are near completion. Commenting on this order, Mr. V. G. Suresh Kumar, Chairman & Managing Director (Addl Charge), RITES Limited, said, "We are happy to have secured RITES' highest-ever order. This new order testament to our project delivering capabilities and expertise in undertaking mega infrastructure projects. It also demonstrates our efforts to consolidate our order book amid the challenging business environment." About RITES Limited: RITES Limited is a Miniratna (Category — I) Schedule 'A' Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. Company has an experience spanning 47 years and has undertaken projects in over 55 countries including Asia, Africa, Latin America, South America and Middle East regions. RITES Limited is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia). DISCLAIMER: Certain statements that are made in the Press Release may be forward-looking statements. Such forward looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, inflation, litigation, etc. Actual results might differ substantially from those expressed or implied. RITES Ltd. will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.