Rs 9,416 Crore Order Book: This Low-Debt Multibagger PSU Bags Rs 175 Crore Infrastructure Consultancy Order; Share Price Jumps 10%
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RITES Limited secured a Project Management Consultancy contract worth approximately Rs 175.41 crore from Babasaheb Bhimrao Ambedkar University for planning, design and development of campus infrastructure, with execution over 30 months
✨ Key Takeaways
On Wednesday, Indian benchmark indices traded higher, with the Nifty 50 rising 70.50 points, or 0.30 per cent, to 23,936.25. Amid the positive market sentiment, RITES Limited share price jumped 9.33 per cent to Rs 223.60 after the company announced a major order win. The rally was accompanied by strong investor interest, with trading volumes rising to 13.44 million shares, significantly higher than the 30-day average volume of 3.97 million shares, indicating robust buying activity.
RITES Ltd Wins Rs 175.41 Crore PMC Order
RITES Limited informed the stock exchanges that it has received a Project Management Consultancy (PMC) contract from Babasaheb Bhimrao Ambedkar University (BBAU). The contract covers planning, design and development of infrastructural facilities, along with other related works across the university campus, on a Cost Plus PMC Fee basis.
The total project cost is approximately Rs 175.41 crore, excluding GST, including RITES' consultancy fees. The order has been awarded by a domestic entity and will be executed over 30 months from the date of signing the agreement or until completion of the allotted work, whichever is later.
Strengthens Consultancy Order Book
The latest contract further strengthens RITES' consultancy business and adds to its execution pipeline across infrastructure projects. The company had earlier reported its highest-ever order book of Rs 9,416 crore as of March 31, 2026, providing strong revenue visibility for the coming years. The newly secured Rs 175.41 crore Project Management Consultancy contract is expected to further support order book growth and contribute to the company's fee-based revenues over its 30-month execution period.
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About RITES Ltd
RITES Ltd is a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Railways and one of India's leading engineering and transport consultancy companies. The company provides consultancy services across railways, highways, ports, airports, urban transport, ropeways, institutional infrastructure and export projects, while also offering project management, quality assurance, leasing and turnkey execution services in India and overseas.
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Disclaimer: The article is for informational purposes only and not investment advice.