RITES Limited has informed the Exchange about update on major order received from Gujarat Urban Development Company Limited

Govt Defence OrderBusiness Updates View source PDF Explain this filing

RITES · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹275.65

prior close

₹281.40

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.6%-0.0% vs market

Civil Construction peers, median of 87sector+1.4%+0.2% vs sector

On the reaction day the stock moved in line with Nifty Smallcap 250 and 0.2 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.2

15m

+0.6

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+1.6-0.0+1.4+0.2

Next day

+1.3+1.9-0.6+1.3+0.0

+1.7+2.7-1.0+1.8-0.1

+1.7+3.6-1.9+1.9-0.3

+1.2+3.4-2.2+1.6-0.4

+7.0+3.0+4.0+0.9+6.2

+3.0+3.4-0.4+1.2+1.8

15d

+1.2+4.7-3.5+1.9-0.7

-4.0+1.2-5.1-1.6-2.4

-8.5-0.7-7.8-4.3-4.2

-8.4-0.8-7.6-4.8-3.6

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 87Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

RITES Limited has received a Letter of Intent from Gujarat Urban Development Company Limited (GUDC) to act as a Third Party Inspection (TPI) agency for water supply, sewerage, and STP projects under the Amrut 2.0 and SJMMSVY schemes for urban local bodies in Gujarat. The order is valued at Rs. 28.50 crore (excluding GST) and is to be executed over 60 months (5 years). It is a domestic order, not a related party transaction, and there is no promoter interest in the awarding entity. This is an update to the company's earlier intimation dated June 3, 2025.

Likely market impact

The order adds Rs. 28.50 crore to RITES' order book over 5 years, providing steady but modest revenue visibility. It strengthens the company's presence in the urban infrastructure inspection space but is unlikely to materially move the stock given the size relative to RITES' overall business.