Announced Sat, 11 Jul · 12:32 IST
RITES wins Patna Metro consultancy order worth Rs 79.22 Crore
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RITES · price
▲ 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
-2.4%1-day move
₹227.05
prior close
₹228.43
base price
After-mkt
timing
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AI summary
RITES Limited, in consortium, has secured a consultancy services order from Patna Metro Rail Corporation Limited for the Patna Metro Rail Construction Project. RITES share of the order is about Rs 79.22 Crore, excluding GST. The contract is to be executed over 68 months and is a domestic award, with no related party interest.
Likely market impact
Adds about Rs 79.22 Crore to order book spread over 68 months; signals continued government consultancy wins but size is modest versus topline.