RITES Limited — New Orders, 29-03-2025: Bagging/Receiving of orders/contracts

RITES has secured a significant order from Numaligarh Refinery Limited for the construction of railway sidings at multiple locations, valued at ₹155.50 Crores excluding GST. The project is set to be executed on a turnkey, cost-plus basis, with a completion timeline of 24 months from site handover. This domestic contract underscores RITES' operational capabilities and strengthens its portfolio in the railway infrastructure sector. The order is not expected to pose any related party transaction issues, indicating a straightforward business engagement. This development could foster a positive outlook among investors, reflecting growth potential within strategic infrastructure projects.