RITES wins ₹175.41 Cr PMC order from BBAU for campus development

Order Above 5pct RevenueGovt Defence OrderBusiness Updates View source PDF

RITES · price

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

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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AI summary

RITES Ltd has secured a Project Management Consultancy (PMC) order from Babasaheb Bhimrao Ambedkar University (BBAU), a central government university. The work covers planning, design and development of infrastructural facilities on the BBAU campus on a Cost Plus PMC Fee basis. Total project cost is about ₹175.41 Crore excluding GST, which includes RITES' fees. Execution timeline is 30 months from signing. The client is a domestic, non-related party entity.

Likely market impact

Positive - adds ₹175 Cr to order book from a government client, supporting revenue visibility over the next 30 months.