RITES Share Price in Focus on Lowest Bidder for ₹28.5 Crore GUDC Project

RITES Limited, a leading engineering consultancy company in India, known for its extensive involvement in transport infrastructure projects, has emerged as the lowest (L-1) financial bidder in a tender issued by the Gujarat Urban Development Company Limited (GUDC).

The project pertains to the appointment of a Third Party Inspection (TPI) agency for water supply schemes (WSS), underground drainage (UGD), and sewage treatment plant (STP) projects under the AMRUT 2.0 and SJMMSVY schemes for urban local bodies (ULBs) in Gujarat.

Details of the Tender and Contract Scope

The contract, which is yet to be formally awarded pending final scrutiny and evaluation by GUDC, is valued at approximately ₹28.50 crore. The order involves the deployment of a TPI agency to monitor and inspect key urban infrastructure works across Gujarat. The agreement, once issued, will span a total period of 60 months from the date of the Letter of Award (LOA) or Notice to Proceed (NTP).

Recent Developments

RITES Limited has recently signed a Memorandum of Understanding (MoU) with Shree Cement Limited for the development of rail infrastructure and related services. This strategic collaboration aims to enhance transportation facilities and operational efficiency, aligning with RITES' broader vision of supporting industrial logistics through robust rail connectivity. 

Read More: RITES Secures Contract from Numaligarh Refinery and Oil India!

RITES Share Price Performance 

As of June 03, 2025, at 11:38 AM, RITES Share Price is trading at ₹281.50 per share, reflecting a surge of 0.79% from the previous day's closing price. Over the past month, the stock has surged by 23.58%. The stock's 52-week high stands at ₹398.45 per share, while its low is ₹192.40 per share.

Conclusion 

This development reinforces RITES Limited’s strong presence in infrastructure consulting and highlights its continued contribution to urban development projects in India.

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