RITES Secures ₹45.18 Crore Order, Stocks in the Spotlight

RITES Secures Work Order Worth Rs 45.18 Crore

RITES, a leading consultancy company, has secured a work order worth Rs 45.18 crore from the Public Works (Roads) Directorate, Government of West Bengal. The company has been awarded a contract to provide consultancy services as Project Management Consultant (PMC) for the construction of a proposed four-lane extra-dosed bridge over the Muriganga river. The project involves approach roads connecting Kachuberia (Sagar Island) with Kakdwip in the South 24 Parganas district of West Bengal and is scheduled to be completed within 48 months.

Revised Estimates Received from South Western Railway

In addition to the above contract, RITES has also received revised estimates worth Rs 729.28 crore from South Western Railway for railway electrification work on the Mysuru–Hassan–Mangaluru section, including the Hassan–Arsikere line, on a cost-plus turnkey basis.

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Quarterly Results

In the quarter ended December 2025, the company's standalone net profit rose marginally to Rs 95.51 crore, while revenue jumped 4.5% at Rs 569.18 crore year-over-year.

Market Performance

The share of RITES closed at Rs 206.35 in the previous trading session, up Rs 4.55, or 2.25%. The share touched a 52-week high of Rs 316.15 and a 52-week low of Rs 196.00 on 05 June, 2025 and 04 March, 2026, respectively. The stock is currently trading 34.73% below its 52-week high and 5.28% above its 52-week low.

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Market Capitalisation

The market capitalisation of RITES stands at Rs 9,917.26 crore.