RITES Limited has informed the Exchange about emerging as Lowest Bidder (L-1) in tender floated by Gujarat Urban Development Company Limited
RITES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
RITES Limited has emerged as the Lowest Bidder (L-1) in a tender floated by Gujarat Urban Development Company Limited (GUDC). The contract is for appointment as a Third Party Inspection (TPI) agency for water supply, sewerage, and sewage treatment plant projects under the Amrut 2.0/SJMMSVY schemes for urban local bodies in Gujarat. The estimated bid value is Rs. 28.50 crore (excluding GST), to be executed over 60 months from the date of Letter of Award. The order is domestic and not a related-party transaction, and is still subject to formal award after GUDC's due evaluation process.
The win adds to RITES's order book and reinforces its infrastructure consulting presence, but the Rs. 28.50 crore size is modest relative to the company's overall scale, so the immediate stock impact is likely limited. Investors should await the formal award confirmation before factoring it in fully.