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RITES
Company Background
RITES Limited, established in 1974, is a Navratna public sector engineering consultancy specializing in transport and infrastructure projects across railways, metros, airports, ports, highways, and urban infrastructure.
As of March 31, 2025, RITES’s order book stood at ₹8,877 crore, reflecting strong project pipeline visibility.
Order Details
Value: ₹177.225 crore (excluding GST, including PMC fee).2
Scope: Design, Project Management Consultancy (PMC) services, and construction of a mass manufacturing facility for BEL’s Electro-Mechanical Systems Strategic Business Unit (EM SBU) at Palasamudram, Andhra Pradesh.2
Contract Type: Awarded on a cost-plus basis.2
Timeline
Letter of Intent received on July 25, 2025.
Execution period of 24 months from the date of agreement.3
Strategic Significance
Strengthens RITES’s footprint in defence and industrial infrastructure development.
Domestic contract with no related party transactions, ensuring transparency in public-sector procurement.#WatchOutFor#EquityResearch#PersonalFinance#HiddenGems#MacroViews
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