RITES Limited — New Orders, 13-12-2024: Bagging/Receiving of orders/contracts

RITES has secured a significant order from the Ministry of External Affairs, Government of India, for Project Implementation Services related to the construction of an Integrated Check Post (ICP). The project has a total construction cost of Rs. 297.67 Crore, which includes the Project Management Consultancy (PMC) Fee, excluding GST. The execution period for this contract is set at 59 months, including a defect liability period. This order is not categorized as a related party transaction and has no connection to the promoter group. This development enhances RITES’ project portfolio and reflects strong ties with government initiatives, presenting a positive outlook for future growth.