Synopsys:
Rites Ltd secured a new order worth Rs.46.82 Cr from Department of Collegiate and Technical Education, Bengaluru (DCTE).
PSU stock, known for its excellence in transport infrastructure consultancy and project management, has secured a significant order worth Rs. 46.82 Crores from the Karnataka Government.
With a market capitalization of Rs.13,438 Crores, shares of RITES Limited opened at Rs. 283.80 per equity share, from its previous day’s closing price of Rs. 278.35.
Order Details
RITES Limited, a leading engineering consultancy company in India, has secured a major order worth Rs.46.82 crore from the Department of Collegiate and Technical Education (DCTE), Bengaluru. The order is for the construction and renovation of Government First Grade Colleges at various locations across Karnataka under the PM-USHA Scheme.
The work will be carried out over a period of 36 months from the date of the agreement. The contract involves complete responsibility for construction and renovation works at selected colleges, ensuring better educational infrastructure across the state.
This new contract highlights RITES Limited’s growing role in public infrastructure development and its continued partnership with state government bodies to enhance education facilities in India.
Company Details
It was established in 1974 , and became one of India’s leading players in the transport consultancy and engineering sector. It has become a diversified multinational company with services spanning consultancy, turnkey projects, exports, and leasing.
Rites Limited has reported a historic high in its order book, reaching Rs. 8,877 Crore as of 31 march 2025 making a strong financial year. Coming to the breakup it derived 47.70 percent of its order from Turnkey Projects, 33.59 percent from Consultancy, 15.32 percent from exports, and the remaining 3.37percent from others.
The company’s revenue from operations declined from Rs. 2,453 crores in FY24 reaching Rs. 2,218 crores in FY25, reflecting negative business growth, and the net profits of the company dropped from Rs. 495 crores in FY24 to Rs. 424 crores in FY25, indicating a decrease in earnings.
Written by Sudeep Kumbar
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