State-owned engineering consultancy RITES Ltd on Monday (November 3), announced that it has received a Letter of Award from the National Institute of Mental Health & Neuro Sciences (NIMHANS) for project management consultancy (PMC) services related to the construction of a new Outpatient Department (OPD) building at the NIMHANS campus in Bengaluru.

According to the company’s exchange filing, the project will be executed on a turnkey basis with a total contract value of ₹372.68 crore, exclusive of GST and inclusive of the PMC fee.

The project is expected to be completed within 36 months. RITES confirmed that the order was awarded by a domestic entity and that neither the promoter nor the promoter group has any interest in NIMHANS. The contract does not fall under related party transacti

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