RITES Limited — Credit Ratings, 04-07-2026: Credit Rating

CARE Ratings has assigned 'CARE AAA; Stable / CARE A1+' to RITES Ltd's ₹3,555 Cr Long-Term/Short-Term bank facilities. This strong rating, with a stable outlook, stems from its robust GoI ownership (72.20%), a significant ₹9,416 Cr order book (3.9x FY26 operating income), and a debt-free balance sheet. A solid credit assessment for the company.