NSEBagging/Receiving of orders/contracts3h ago · 22 Sept 2026, 02:11 pm
Bagging/Receiving of orders/contracts
RITES Limited · RITES
✦ AI Summary▲ PositiveOrder Win
RITES Limited has secured a major order for Project Management Consultancy Service for Railways Electrification of Bidar-Kalaburagi (Gulbarga) (110 RKM) from South Central Railway on a Cost Plus turnkey basis, with a revised project cost of Rs. 154.65 Crore.
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment9/10
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Full Announcement
RITES Limited has informed the Exchange about Update regarding Major Order Secured.
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RITES_22092026141041_IntimationSigned22092026.pdf
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No. RITES/SECY/NSE Date: September 22, 2026
To To
Corporate Relationship Department,
Listing Department,
BSE Limited,
National Stock Exchange of India Limited,
Rotunda Building,
Exchange Plaza, C-1, Block G, Bandra -
P J Towers, Dalal Street, Fort,
Kurla Complex, Bandra (E),
Mumbai - 400 001
Mumbai – 400051
Symbol- RITES Scrip Code- 541556
Subject: Update regarding Major Order Secured.
Dear Sir/ Madam,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to
our intimation regarding major order secured dated September 21, 2020, we are
pleased to inform you regarding update on major order for Project Management
Consultancy Service for Railways Electrification of Bidar-Kalaburagi (Gulbarga) (110
RKM)”, from South Central Railway, on Cost plus turnkey basis. The details of the
orders are as follows:
Particulars Details
a) Name of the entity awarding South Central Railway
order(s)/contract(s)
b) Significant terms and conditions of Project Management Consultancy
order(s)/contract(s) awarded in brief Service for Railways Electrification of
Bidar-Kalaburagi (Gulbarga) (110 RKM),
on Cost Plus turnkey basis.
c) Whether order(s) / contract(s) have Domestic Entity
been awarded by domestic/ international
entity
d) Nature of order(s) / contract(s) Project Management Consultancy
Service for Railways Electrification of
Bidar-Kalaburagi (Gulbarga) (110 RKM),
on Cost Plus turnkey basis.
Particulars Details
e) Whether domestic or international Domestic Entity
f) Time period by which the Ongoing
order(s)/contract(s)is to be executed
g) Broad consideration or size of the Revised Project Cost is Rs. 154.65 Crore
order(s)/contract(s) excluding GST (including RITES fees).
{Original Project cost was Rs. 97.96
Crore. excluding GST (including RITES
fees)}
h) Whether the promoter/ promoter group / The transaction is between Government
group companies have any interest in the and Government Company.
entity that awarded the
order(s)/contract(s)? If yes, nature of
interest and details thereof
i) Whether the order(s)/contract(s) would The transaction is between Government
fall within related party transactions? If and Government Company.
yes, whether the same is done at “arm’s
length”.
This is for your information and records.
Thanking You.
Yours sincerely,
For RITES Limited
Nikhil Agarwal
Company Secretary & Compliance Officer
Membership No.: A42626