RITES Limited — New Orders, 01-01-2025: Bagging/Receiving of orders/contracts

RITES has secured a significant order from the Ministry of Public Works, Government of the Co-operative Republic of Guyana, for the provision of Engineering Services related to the Design-Build-Finance for upgrading the Palmyra to Moleson Creek Highway, covering Lots 1-3. This international contract is valued at approximately USD 9.71 million (around ₹80.78 crore) and involves a total execution period of 60 months, which includes 36 months for pre-construction and construction, followed by a 24-month defect liability period. This development underscores RITES’ growth potential and strategic international partnership opportunities, making it a noteworthy situation for investors to monitor closely.