RITES Share Price Surges Over 14% on Securing ₹175.41 Crore Project Management Consultancy Order

RITES Limited has secured a Project Management Consultancy (PMC) contract from Babasaheb Bhimrao Ambedkar University (BBAU). 

The company will provide consultancy services for the planning, design and development of infrastructure facilities and other related works at the university campus on a Cost-Plus PMC Fee basis.  

RITES Bags PMC Contract From BBAU 

The contract has been awarded by Babasaheb Bhimrao Ambedkar University (BBAU), a domestic entity. 

Under the scope of work, RITES will provide Project Management Consultancy services for planning, designing and developing infrastructure facilities and other related works across the university campus.  

Project Size and Execution Timeline 

The total project cost is approximately ₹175.41 crore, excluding GST, including RITES' fees. 

The contract will be executed over a period of 30 months for the initial work or until the completion of the allotted work, whichever is later, from the date of signing the agreement.  

Read More: RITES Share Price In Focus; Company Signs MoU With Crisil For Data-Driven Infrastructure Solutions! 

RITES Share Price Performance 

As of 01 July 2026, at 3:18 PM, RITES share price was trading at ₹233.63 per share, reflecting a surge of 14.33% from the previous trading session. 

Conclusion 

RITES has secured a Project Management Consultancy contract from Babasaheb Bhimrao Ambedkar University for infrastructure planning, design and development works. The project, valued at approximately ₹175.41 crore including RITES' fees, will be executed over 30 months from the signing of the agreement.  

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