Mumbai, March 31 -- The order from Oil India, valued at Rs 157.25 crore, involves the construction of a workmen housing complex (BQ Area) at OIL, Duliajan, Assam on a turnkey basis under the Depository Works Mode. The project is scheduled to be executed within 36 months.

In addition, Rites secured an order worth Rs 155.50 crore from Numaligarh Refinery for the construction of railway sidings at NRL Panchgram Terminal, the 3rd Railway Spur at Rangapani (SMT), and the Duliajan Crude Oil TW Loading Railway Siding. This project will be executed on a turnkey cost-plus basis and is set to be completed within 24 months from the date of site handover.

The company clarified that both contracts do not involve related party transactions, and neith...