RITES Limited — New Orders, 05-12-2024: Bagging/Receiving of orders/contracts

RITES has secured a major order as the Project Management Consultant (PMC) for the development of the Phase II Campus of the Indian Institute of Management Raipur. This domestic contract, valued at Rs. 148.25 Crore excluding GST, will be executed over a period of 23 months. The project entails responsibilities for execution, supervision, monitoring, and development, positioning RITES to leverage its expertise in educational infrastructure. This significant engagement enhances the company’s portfolio and opens avenues for similar opportunities in the future. Investors should view this development as a positive outlook for RITES, reflecting its growing presence in the project management domain.