BSECompany Update3d ago · 22 Sept 2026, 02:06 pm

Update regarding Major Order Secured

RITES Ltd · 541556

✦ AI Summary▲ PositiveOrder Win

RITES Ltd 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 excluding GST.

Analysis Scores

Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10

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RITES Ltd - 541556 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

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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