RITES Limited has informed the Exchange regarding major order secured from Ministry of Public Works, the Co-operative Republic of Guyana
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RITES Limited has received a Letter of Acceptance from the Ministry of Public Works, Co-operative Republic of Guyana, for Construction Supervision work on the extension of the East Bank–East Coast Road Project Phase 2 (Eccles to Providence), along with additional work on an existing assignment. The contract value is USD 2,908,824.5 (approximately ₹24–25 crore) excluding taxes. The project duration is 18 months for construction supervision plus a 12-month defects liability period. The order is from an international government entity, and there is no promoter or related-party interest involved.
This is a modest-sized international order for RITES, adding to its foreign consultancy pipeline and reinforcing its presence in the Guyana market where it already has ongoing work. While not large enough to materially move revenue expectations, it strengthens the company's export order book and demonstrates continued international business momentum.