RITES Ltd Secures ₹285 Million Order, Strengthens Infrastructure Portfolio

Image Source: Indian Masterminds

RITES Ltd, a leading engineering consultancy firm under the Ministry of Railways, has bagged a ₹285 million contract, reinforcing its position in India’s infrastructure sector. The order adds to RITES’ growing pipeline of projects, further solidifying its expertise in transport and urban development.

Key Highlights:

Strategic Expansion: The new contract aligns with RITES’ ongoing efforts to expand its consultancy and project execution capabilities.
Sectoral Growth: The order is expected to contribute to railway modernization, urban transport, and logistics infrastructure, key focus areas for RITES.
Financial Strength: With a robust order book exceeding ₹8,877 crore, RITES continues to maintain strong revenue visibility.
Recent Wins: The company has secured multiple contracts in rail connectivity, metro projects, and logistics infrastructure, showcasing its diversified portfolio.
Dividend Declaration: In its latest financial results, RITES announced a final dividend of ₹2.65 per share, reflecting its commitment to shareholder value.

With this latest contract, RITES Ltd is poised to further enhance its footprint in India’s infrastructure landscape, leveraging its expertise in engineering consultancy and project management.

Sources: Zerodha, Economic Times