Nature of the Disclosure
This is an intimation letter from RITES Limited to the National Stock Exchange of India Limited (NSE) and BSE Limited, submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure concerns a major new order secured by the company.
Key Quantitative Figures and Details
RITES Limited, in a consortium, has been awarded a contract by Patna Metro Rail Corporation Limited. The specific work is for 'Consultancy Services for Implementation of Patna Metro Rail Construction Project'.
The broad consideration or size of the order, specifically RITES's share, is approximately ₹79.22 Crore. This value is exclusive of GST.
The time period for execution of the contract is 68 months.
Parties Involved
The order has been awarded by Patna Metro Rail Corporation Limited, a domestic entity. The company has confirmed that its promoters, promoter group, or group companies do not have any interest in the entity that awarded this order/contract.
Transaction Classification
The company has confirmed that this order does not fall within the definition of a Related Party Transaction.
Document and Signatory Details
The document is dated July 11, 2026. It is addressed to the Listing Department of the NSE and the Corporate Relationship Department of the BSE. The scrip code for RITES Limited is 541556.
The letter is digitally signed by Nikhil Agarwal, Company Secretary & Compliance Officer (Membership No.: A42626) for RITES Limited.
#Tags: #RITES #OrderWin #Regulation30 #SEBIDisclosure #Positive