The tender was called by the Railway Board, Ministry of Railways.

"The tender for two the packages, package-1 for 779 route kilometer (RKM) on Southern Western Railway and package-2 for 762 RKM on Northeast Frontier railways, will aggregate to Rs 1741 crore," the company said in an exchange filing made after market hours yesterday.

RITES 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. As of 31 December 2020, the Government of India held 72.2% stake in the company.

The PSU company's consolidated net profit declined 29.8% to Rs 105.31 crore on 27.51% decline in revenue from operations to Rs 449.29 crore in Q3 FY21 over Q3 FY20.

The company's board will consider Q4 March 2021 results today, 16 June 2021.