Rs 8,877 crore order book: Transport Infrastructure Consultant Secures Rs 177.23 Crore Order from BEL for PMC Services and Facility Construction

RITES Ltd has secured a significant order from Bharat Electronics Limited (BEL) for "Design, Project Management Consultancy (PMC) Services and Construction of Mass Manufacturing Facility for EM SBU at BEL - Palasamudram (AP) on a cost-plus basis." The estimated project cost for this domestic order is Rs 177.225 Crore, excluding Goods and Services Tax (GST), and includes the PMC fee. The project is slated for completion within 24 months from the date of the agreement.  

About the Company

Established in 1974, RITES Limited is a leading public sector player in India's transport consultancy and engineering, offering diversified services from locomotive and train manufacturing to consultancy, exports, leasing and turnkey projects across railways, metros, airports, ports, highways, ropeways and urban infrastructure. As India's export arm for rolling stock (except Thailand, Malaysia, and Indonesia), it boasts expertise in various gauges and caters to diverse transportation needs.

The stock has a 52-week high of Rs 385.50 per share & a 52-week low of Rs 192.30 per share and has been maintaining a healthy dividend pay-out of 98 per cent. The company has a market cap of over Rs 13,000 crore and as of March 31, 2025, its order book stands at Rs 8,877 crore. The stock has an ROE of 15 per cent and an ROCE of 21 per cent. The stock is up by 44 per cent from its 52-week low of Rs 192.30 per share.

Disclaimer: The article is for informational purposes only and not investment advice.