RITES Limited , a leading transport infrastructure consultancy and engineering company, has announced a significant new contract win, bolstering its project portfolio and reinforcing its position in the infrastructure sector.

Contract Details

RITES has received a Letter of Intent (LOI) from Bharat Electronics Limited (BEL) for a major project valued at approximately ₹177.23 crore. The scope of work includes:

• Design services
• Project Management Consultancy (PMC) services
• Construction of a Mass Manufacturing Facility for EM SBU at BEL – Palasamudram, Andhra Pradesh

The contract will be executed on a cost-plus basis, indicating potential for additional revenue based on the project's final costs.

Project Timeline

The project has a stipulated execution period of 24 months from the date of the agreement. This timeframe underscores the substantial nature of the work involved and highlights RITES' capability to handle complex, long-term projects.

Impact on RITES

This contract represents a significant business opportunity for RITES, showcasing the company's expertise in providing comprehensive infrastructure solutions. The project aligns with RITES' core competencies in design and project management consultancy, particularly in the industrial infrastructure sector.

Quarterly Financial Results

In its latest quarterly results, RITES reported:

Dividend Announcement

The company has declared a final dividend of ₹2.65 per share for financial year 2025, subject to shareholder approval at the 51st Annual General Meeting.

Market Implications

The securing of this contract from a reputed public sector enterprise like Bharat Electronics Limited demonstrates RITES' strong positioning in the market and its ability to win high-value projects. This development contributes to RITES' order book and future revenue streams.

Stock Performance

RITES shares closed down 3.29% at ₹264.60.

Compliance and Disclosure

In compliance with regulatory requirements, RITES has promptly disclosed this information to the stock exchanges. The company has confirmed that this transaction does not fall under related party transactions, and there is no interest of promoter/promoter group/group companies in the awarding entity.

The successful execution of this project could potentially lead to more opportunities in the industrial infrastructure segment, further diversifying RITES' project portfolio.

RITES Ltd. , a leading transport infrastructure consultant, has entered into a strategic partnership with Central Mine Planning & Design Institute Limited (CMPDI), a subsidiary of Coal India Limited (CIL). The collaboration, formalized through a Memorandum of Understanding (MoU) signed on July 23, 2025, aims to explore and capitalize on opportunities in the mining and renewable energy sectors.

Strategic Framework for Collaboration

The MoU establishes a framework for RITES and CMPDI to jointly identify, explore, and pursue prospective projects and consultancy assignments. This partnership extends to both domestic and international markets, with a particular focus on mining, renewable energy, and related infrastructure development.

Leveraging Complementary Strengths

Under this agreement, RITES will bring to the table its:

• International experience
• Market intelligence
• Expertise in logistics infrastructure for effective evacuation

These strengths will support CMPDI in:

• Securing mining projects
• Undertaking consultancy assignments
• Designing capacity-building programmes

Scope of Collaboration

The partnership between RITES and CMPDI encompasses several key areas:

1. Joint Opportunity Identification: Both organizations will work together to identify opportunities in mutually agreed geographies.
2. Feasibility Studies: Conduct feasibility studies and detailed assessments for mining, power, renewable energy, and related infrastructure projects.
3. Consultancy Assignments: Collaborate on various consultancy assignments in their areas of expertise.
4. Joint Proposals: Submit joint proposals for mining and evacuation projects, both in India and abroad.

About RITES Limited

RITES Limited, a Navratna Public Sector Enterprise, is a prominent player in the transport consultancy and engineering sector in India. With a diverse range of services and global reach, RITES has:

• 51 years of experience in the industry
• Undertaken projects in over 55 countries across Asia, Africa, Latin America, South America, and the Middle East

This strategic partnership between RITES and CMPDI represents a significant step towards harnessing the potential in mining and renewable energy sectors, leveraging the strengths of both organizations to pursue new opportunities and contribute to infrastructure development.