Rites Ltd Share Price – NSE  / BSE

Miscellaneous, Small Cap

The project involves detailed engineering and project management consultancy for the development of rail connectivity for the proposed Phase-II SILO at the Lakhanpur area of MCL.

The total project cost is estimated at Rs 28 crore and the project is scheduled to be completed within 24 months.

The company also clarified that the contract does not involve any related party transactions and confirmed that neither the promoter, promoter group, nor any group companies have any interest in the awarding entity.

The official announcement was made on Thursday, 24 April 2025, after market hours

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 31st December 2024, the Government of India held a 72.20% stake in the company.

The company?s consolidated net profit declined 16.7% to Rs 100.09 crore in Q3 FY25 as compared with Rs 120.14 crore in Q3 FY24. Net sales declined 15.7% to Rs 575.76 crore during the quarter.

The counter slipped 3.41% to Rs 231 on the BSE.

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The MoU aims to foster mutual collaboration by exploring joint opportunities in infrastructure development, including ports, multimodal logistics parks, free trade zones, rail connectivity projects, and logistics infrastructure services.

DP World is a multinational logistics company based in Dubai, United Arab Emirates. It specializes in cargo logistics, port terminal operations, maritime services, and free trade zones.

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 31st December 2024, the Government of India held a 72.20% stake in the company.

The company?s consolidated net profit declined 16.7% to Rs 100.09 crore in Q3 FY25 as compared with Rs 120.14 crore in Q3 FY24. Net sales declined 15.7% to Rs 575.76 crore during the quarter.

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The MoU aims to foster mutual collaboration by exploring joint opportunities in infrastructure development, including ports, multimodal logistics parks, free trade zones, rail connectivity projects, and logistics infrastructure services.

DP World is a multinational logistics company based in Dubai, United Arab Emirates. It specializes in cargo logistics, port terminal operations, maritime services, and free trade zones.

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 31st December 2024, the Government of India held a 72.20% stake in the company.

The company?s consolidated net profit declined 16.7% to Rs 100.09 crore in Q3 FY25 as compared with Rs 120.14 crore in Q3 FY24. Net sales declined 15.7% to Rs 575.76 crore during the quarter.

Shares of Rites declined 1.21% to Rs 215.60 on Wednesday, 9 April 2025.

The Indian stock market is closed today in observance of Shri Mahavir Jayanti.

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The order from Oil India, valued at Rs 157.25 crore, involves the construction of a workmen housing complex (BQ Area) at OIL, Duliajan, Assam on a turnkey basis under the Depository Works Mode. The project is scheduled to be executed within 36 months.

In addition, Rites secured an order worth Rs 155.50 crore from Numaligarh Refinery for the construction of railway sidings at NRL Panchgram Terminal, the 3rd Railway Spur at Rangapani (SMT), and the Duliajan Crude Oil TW Loading Railway Siding. This project will be executed on a turnkey cost-plus basis and is set to be completed within 24 months from the date of site handover.

The company clarified that both contracts do not involve related party transactions, and neither the promoters, promoter group, nor any group companies have any interest in the awarding entities.

The official announcement was made on Saturday, 29 March 2025.

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 31st December 2024, the Government of India held a 72.20% stake in the company.

The company?s consolidated net profit declined 16.7% to Rs 100.09 crore in Q3 FY25 as compared with Rs 120.14 crore in Q3 FY24. Net sales declined 15.7% to Rs 575.76 crore during the quarter.

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