RITES Ltd Terminates Major Order Secured from UPSBCL.

RITES Ltd has announced the termination of its consultancy contract with U.P. State Bridge Corporation Limited (UPSBCL) for construction supervision services. The agreement, awarded on October 28, 2024, covered supervision, monitoring, quality control, and work zone safety for bridges, rail over/under bridges, flyovers, and elevated roads across multiple districts in Uttar Pradesh.

The contract has been mutually foreclosed following a Foreclosure Agreement between RITES and UPSBCL. The company has not disclosed further details regarding the termination but confirmed that both parties have agreed to close the contract amicably.

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