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RITES Ltd Secures ₹280 Million Order, Bolstering Order Book and Market Confidence

Updated: April 24, 2025 21:35

Image Source: Adda247
RITES Ltd, the government-owned engineering and consultancy firm specializing in transport infrastructure, has secured a new order valued at ₹280 million (₹28 crore). This contract win further strengthens RITES’ robust order book and reaffirms its leadership in the infrastructure and engineering consultancy sector.
 
Key Highlights:
  • RITES Ltd has received an order worth ₹280 million, adding to its growing list of recent contract wins across both domestic and international markets.
  • The company has recently demonstrated strong momentum, securing multiple high-value contracts, including a ₹155.5 crore project from Numaligarh Refinery Limited and a ₹157.25 crore contract from Oil India Limited for infrastructure development.
  • RITES’ expertise spans railways, roads, ports, and airports, with a proven track record in planning, design, and execution of complex projects.
  • The company’s consistent order inflow has contributed to positive investor sentiment, reflected in its recent share price performance and market capitalization.
  • RITES continues to expand its global footprint, having recently secured a $9.7 million order from the Government of Guyana for highway upgradation services.
  • The new ₹280 million order is expected to further enhance RITES’ revenue visibility and support its growth trajectory in the infrastructure sector.
These developments underscore RITES’ strong project execution capabilities and its ability to win competitive bids in both domestic and international markets.
 
Source: Angel One, Business Standard, Economic Times

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