BEL Awards ₹177 Cr Contract to RITES for Andhra Pradesh Facility

has secured a ₹177.225 crore contract from to provide design and project management consultancy (PMC) services for setting up a mass manufacturing facility at BEL’s Palasamudram unit in Andhra Pradesh. The contract, which includes PMC fees and excludes GST, will be executed over 24 months on a cost-plus basis. On the financial front, RITES posted a modest 3.4% YoY rise in Q4 net profit to ₹141 crore, even as revenue declined 4.3% to ₹615 crore compared to ₹643 crore a year ago. Notably, EBITDA improved by 5.4% YoY to ₹185.5 crore, with margins expanding by 564 basis points to 30%, reflecting better operational efficiency. The board also proposed a final dividend of ₹2.65 per share for FY25, pending shareholder approval at the upcoming 51st AGM. Follow me for more such updates, Thank You! Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.