This order entails providing project implementation services for the construction of an Integrated Check Post (ICP).
The project is expected to be completed within a period of 59 months, including the defect liability period.
RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 30 September 2024, the Government of India held a 72.20% stake in the company.
The company’s consolidated net profit declined 27.84% to Rs 72.98 crore while revenue from operations fell 7.12% to Rs 540.86 crore in Q2 FY25 over Q2 FY24.
Shares of RITES fell 0.74% to settle at Rs 296.50 on 13 December 2024.