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The contract value for RITES for its wagon project has increased by ₹436 crore. The recently-listed RITES has been executing a project of the Indian Railways entailing setting up of a wagon workshop at Dalmianagar for which the initial contract price was ₹89 crore.
The enhanced scope and revision in estimates has resulted in additional value. The turnkey work, being done on fixed fee basis by the PSU major, is scheduled to start in the last quarter of this financial year.
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