Rs 8,877 Crore Order Book: Civil Construction company emerges as lowest bidder (L-1) for order worth Rs 28.50 crore from Gujarat Urban Development Company Ltd

The stock is up by 48 per cent from its 52-week low of Rs 192.30 per share.

Rites Limited has emerged as the lowest bidder (L-1) in the financial bid for a Quality and Cost Based Selection (QCBS) tender floated by Gujarat Urban Development Company Limited. This domestic contract, valued at an estimated Rs 28.50 Crore (excluding GST), is for the "Appointment of TPI agency for WSS/UGD/STP projects under Amrut 2.0/SJMMSVY under GUDC for ULBs of Gujarat." The execution period for the order is sixty months from the date of issue of the Letter of Award (LOA) or Notice to Proceed (NTP), and the final award is contingent upon the due process of scrutiny and overall evaluation (technical and financial) by Gujarat Urban Development Company Limited.

Earlier, Rites Ltd has entered into an MoU with M/s Shree Cement Limited for the development of Rail Infrastructure and allied services.

About the Company

Established in 1974, RITES Limited is a leading public sector player in India's transport consultancy and engineering, offering diversified services from locomotive and train manufacturing to consultancy, exports, leasing and turnkey projects across railways, metros, airports, ports, highways, ropeways and urban infrastructure. As India's export arm for rolling stock (except Thailand, Malaysia, and Indonesia), it boasts expertise in various gauges and caters to diverse transportation needs.

The stock has a 52-week high of Rs 398.50 per share & a 52-week low of Rs 192.30 per share and has been maintaining a healthy dividend pay-out of 98 per cent. The company has a market cap of over Rs 13,000 crore and as of March 31, 2025, its order book stands at Rs 8,877 crore. The stock has an ROE of 15 per cent and an ROCE of 21 per cent. The stock is up by 48 per cent from its 52-week low of Rs 192.30 per share.

Disclaimer: The article is for informational purposes only and not investment advice.