Rites Ltd has secured a work order worth ₹175.41 crore from Babasaheb Bhimrao Ambedkar University (BBAU) for Project Management Consultancy (PMC) services. The contract entails planning, design, and development of infrastructural facilities and other related works within the university campus on a Cost Plus PMC Fee basis. The total project cost excludes GST but includes RITES fees, and the work is to be executed over a period of 30 months or until the completion of the allotted work, whichever is later, from the date of signing the agreement.

Order Details

The order was awarded by a domestic entity, BBAU, and is not classified as a related party transaction. The company confirmed that the promoter, promoter group, or group companies do not hold any interest in the entity awarding the contract. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Particulars

The key details of the contract are outlined below:

The filing was signed by Nikhil Agarwal, Company Secretary & Compliance Officer of RITES Limited, on June 30, 2026.

RITES Ltd signed a Memorandum of Understanding (MoU) with Container Corporation of India Limited (CONCOR) on June 29, 2026, to collaborate on Project Management Consultancy (PMC) services. The partnership aims to enhance the development and improvement of CONCOR's terminals and establishments, leveraging multidisciplinary engineering and project management expertise. This collaboration is expected to contribute to the creation of efficient multimodal logistics facilities in the country.

Under the agreement, CONCOR may entrust RITES with PMC services on a work-to-work basis, spanning from concept to commissioning. The scope of services includes feasibility studies, preparation of Detailed Project Reports, detailed engineering, architectural and structural design, project supervision, quality assurance, and construction management.

The infrastructure projects covered under this MoU encompass multimodal logistics parks, inland container depots, rail-linked terminals, warehouses, railway infrastructure, administrative buildings, roads, utilities, and allied facilities. Both entities intend to utilize their respective strengths to ensure the timely execution of these logistics projects.

Key Collaboration Details

RITES Limited is a Navratna Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India. The company has an experience spanning 52 years and has undertaken projects in over 55 countries across Asia, Africa, Latin America, South America, and the Middle East region.