RITES Share Price in Focus on ₹177 Crore Project from Bharat Electronics

RITES Ltd, as per the exchange filing, has received a Letter of Intent (LOI) from Bharat Electronics Limited (BEL) for a new infrastructure project. The work involves design, project management consultancy (PMC), and construction of a mass manufacturing facility.

The facility will be set up at BEL’s EM Strategic Business Unit in Palasamudram, Andhra Pradesh. The contract includes the complete design of the facility, PMC services, and construction execution.

Contract Model and Value

The order follows a cost-plus model, meaning RITES will be reimbursed for the actual costs incurred, along with a separate consultancy fee. The estimated value of the order is ₹177.225 crore, excluding GST.

The project is expected to be completed within 24 months from the date of signing the agreement. This includes all phases, design, supervision, and construction.

Order Classification

This is a domestic contract, and the order does not involve any related party transactions. RITES has also clarified that neither its promoter group nor any affiliated entities have any interest in the awarding entity, BEL.

The LOI was issued on July 25, 2025, and formally disclosed by RITES to the stock exchanges under regulatory compliance. 

Read More: RITES Secures ₹46.82 Crore Turnkey Order for Karnataka College Projects!

RITES Share Price Performance 

As of 9:09 AM on July 28, 2025, RITES share price was trading at ₹270, a 2.04% increase. The stock is up by 6.37% over the past 6 months and is down 30.27% over the past year.

Conclusion

The ₹177 crore contract adds to RITES’ order book. It is to run for two years and covers a full design-to-build scope within India, awarded by BEL through a standard government procurement process.

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