Announced Tue, 30 Jun · 23:32 IST
RITES bags 175 Cr PMC order from BBAU for campus infra work
RITES · price
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Price reaction · full curve 14 horizons · vs prior close
+9.7%1-day move
₹204.35
prior close
₹207.37
base price
After-mkt
timing
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+5.6+5.8+5.0+7.9+9.7+6.6+5.9+13.1+9.2+11.1+5.3———
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AI summary
RITES Limited has secured a Project Management Consultancy order from Babasaheb Bhimrao Ambedkar University (BBAU), a central government university. The order covers planning, design and development of infrastructural facilities on BBAU campus on a Cost Plus PMC Fee basis. Total project cost is about Rs 175.41 Crore excluding GST. Execution timeline is 30 months from agreement signing or till completion. It is a domestic order with no related party or promoter group interest.
Likely market impact
Adds a government order worth about 175 Cr to RITES order book, supporting revenue visibility over the next 30 months.