The project entails the consultancy services for construction of civil works for supervision, monitoring, quality control and work zone safety for construction of bridges, rail over/under bridges, flyovers and elevated roads including approaches in several districts of Uttar Pradesh. The bid project cost is Rs 60.03 crore and the project is expected to be completed within 36 months from the date of issuance of letter of award. 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 June 2024, the Government of India held 72.20% stake in the company. The company's consolidated net profit declined 24.37% to Rs 90.44 crore in Q1 FY25 as against Rs 119.58 crore recorded in Q1 FY24. Revenue from operations declined 10.76% to Rs 485.76 crore in the quarter ended 30 June 2024 from Rs 544.35 crore posted in Q1 FY24. The scrip rose 0.51% to Rs 667.85 on the BSE. Powered by Capital Market - Live

RITES is the lowest bidder (L-1) in the tender floated by UP State Bridge Corporation for Consultancy Services for Construction of Civil works (CSC) for supervision, Monitoring, Quality Control and Work Zone Safety for Construction of Bridges, Rail Over/Under Bridges, Flyovers and Elevated Roads including approaches in several districts of Uttar Pradesh. The estimated value of the bid is Rs. 60.03 crore plus GST. Powered by Capital Market - Live

Rites and NBCC (India) have signed a Memorandum of Understanding (MoU) to explore and undertake a comprehensive range of consultancy, fee-based projects, and EPC contracts from concept to commissioning. The partnership entails working synergy among the entities for various sectors and new-age projects in the sphere of urban energy, water management, urban transport & infrastructure, and township development. Rites will offer Consultancy and Project Management services from conceptualization, planning, design, cost estimation to tender documentation, and other pre-construction activities, along with coordination for construction. While NBCC will offer its expertise for project implementation such as tendering, contract management, construction supervision, cost control, quality assurance, handing over/ commissioning and defect liability period.Powered by Capital Market - Live

Rites inked pact with NBCC to explore and undertake a comprehensive range of consultancy, fee-based projects, and EPC contracts from concept to commissioning. The partnership entails working synergy among the entities for various sectors and new-age projects in the sphere of urban energy, water management, urban transport & infrastructure, and township development. The company said that it will offer consultancy and project management services from conceptualization, planning, design, and cost estimation to tender documentation and other pre-construction activities, along with coordination for construction. While NBCC will offer its expertise for project implementation such as tendering, contract management, construction supervision, cost control, quality assurance, handing over commissioning and defect liability period, it added. 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 June 2024, the Government of India held 72.20% stake in the company. NBCC (India) is in business of operates into three major segments namely project management consultancy, real estate and engineering procurement & construction. Shares of Rites shed 0.39% to Rs 650.75 while those of NBCC slipped 1.31% to Rs 184.20 on the BSE. Powered by Capital Market - Live

RITES announced that the Annual General Meeting (AGM) of the company will be held on 12 September 2024.Powered by Capital Market - Live

RITES announced that the Annual General Meeting (AGM) of the company will be held on 12 September 2024.Powered by Capital Market - Live

 RITES signed a Memorandum of Understanding (MoU) with Housing and Urban Development Corporation (HUDCO). Under this partnership, RITES and HUDCO will collaborate to undertake comprehensive range of consultancy projects/services from concept to commissioning in the infrastructure space. Additionally, RITES will provide consultancy to projects being financed by HUDCO. The collaboration between the Navratna CPSEs has focus on exhaustive domains from metro rail, roads, airports, ports, ropeways, highways, underpasses and flyovers, tunnels, to the emerging sectors such as energy, water resources and hydropower, wastewater and waste management, urban and industrial building design, commercial and institutional projects, and other urban development and infrastructure-related initiatives.Powered by Capital Market - Live

Rites has fixed 08 August 2024 as record date for payment of first interim dividend of Rs 2.50 per share for FY 2024-25. Powered by Capital Market - Live