RITES Wins ₹105.69 Crore Contract For 5-Year Maintenance Of Test Track In Jodhpur Division RITES Limited has secured a major maintenance contract worth ₹105.69 crore from the Research Designs and Standards Organisation (RDSO) in Lucknow. The agreement involves the comprehensive upkeep of a dedicated test track between Gudha and Thathana Mithri stations in the Jodhpur division of North Western Railway. The five-year contract underscores RITES' expertise in specialized railway infrastructure maintenance and establishes a long-term revenue stream for the company. The contract covers the maintenance of critical railway testing infrastructure, which is essential for RDSO's research and validation activities. The 60-month execution period ensures continuous maintenance of the specialized track, supporting the development and testing of railway technologies. This marks a significant milestone in RITES' portfolio, highlighting its role in sustaining critical railway facilities. The transaction complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It represents a government-to-government company engagement, with RDSO as the awarding authority and RITES as the executing entity. The contract reinforces RITES' partnership with key railway organizations and its technical capabilities in managing specialized infrastructure. In parallel, RITES announced changes in its leadership structure. Company Secretary and Compliance Officer Ashok Mishra resigned effective March 19, 2026, following his email submission on February 26, 2026. The Board of Directors appointed Nikhil Agarwal, currently serving as Joint General Manager (Finance), as interim Company Secretary and Compliance Officer.#sebi_regulations #rites_limited #research_designs_and_standards_organisation #north_western_railway #jodhpur_division
ICICI Bank Redeems $800 Million Notes Under GMTN Programme ICICI Bank Limited has successfully redeemed $800 million in notes issued under its Global Medium Term Note (GMTN) Programme, completing the transaction on March 18, 2026. The redemption included the principal amount of $800 million along with accrued interest of $16 million, totaling $816 million. The outstanding notes under the ISINs US45112FAJ57 and US45112EAG44 were fully settled on the specified date, adhering to the regulatory requirements outlined in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The redemption amount, which encompasses both principal and interest, was finalized across multiple international exchanges, including the BSE, NSE, NYSE, Singapore Stock Exchange, SIX Swiss Exchange, and the Japan Securities Dealers Association. This move aligns with the bank’s broader strategy to manage its capital and liability structure effectively while ensuring compliance with global and domestic debt regulations. The transaction underscores ICICI Bank’s commitment to maintaining a robust financial profile and transparent communication with investors. Vivek Ranjan, a member of the Associate Leadership Team at ICICI Bank, confirmed the successful completion of the redemption. He emphasized that the transaction reflects the bank’s disciplined approach to capital management and reinforces investor confidence in its financial strategies. The GMTN Programme has been a key tool for the bank to access international capital markets efficiently. By redeeming these notes, ICICI Bank demonstrates its ability to execute complex financial operations while adhering to stringent regulatory standards.#icici_bank #vivek_ranjan #gmtn_programme #sebi_regulations #bse_nse_nyse
