RITES Limited — New Orders, 24-04-2025: Bagging/Receiving of orders/contracts

RITES has secured a significant work order from Mahanadi Coalfields Limited (MCL) for Detailed Engineering and Project Management Consultancy services related to the “Rail Connectivity for proposed phase-II SILO” at the Lakhanpur Area of MCL. The total value of this order is ₹28.00 crores, excluding GST, with an expected execution period of 24 months. This domestic contract strengthens RITES' project portfolio and could enhance its capabilities in rail connectivity projects. The implications for investors include potential revenue growth and expanded operational expertise in consultancy services, signaling a positive outlook as RITES continues to diversify its offerings.