RITES Limited — New Orders, 05-11-2024: Bagging/Receiving of orders/contracts

RITES Limited has secured a major order from Delhi Metro Rail Corporation for retrofit work on RS-1 trains, valued at approximately ₹36.36 crores, excluding GST. The contract, awarded as the lowest bidder, will be executed over three years. There are no related party transaction concerns, and the promoters hold no interest in the awarding entity. This announcement continues RITES' positive trajectory following prior updates on new contracts.