RITES Limited has informed the Exchange regarding major order secured from Public Works (Roads) Directorate, Government of West Bengal
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RITES Limited has secured a work order worth approximately Rs 45.19 crore (excluding GST) from the Public Works (Roads) Directorate, Government of West Bengal. The order is for consultancy services as Project Management Consultant for the construction of a 4-lane extra dosed bridge over river Muriganga, connecting Kachuberia (Sagar Island) with Kakdwip in South 24 Parganas district. The project is to be executed over 48 months and is a domestic, non-related-party transaction between a State Government entity and RITES (a Government Company).
Positive for order book but modest in scale — at roughly 1.5-2% of RITES' annual revenue, this single order is unlikely to move the stock materially. Reinforces the company's steady domestic infrastructure consultancy pipeline.