RITES Secures ₹177.2 Crore Order from BEL for Mass Manufacturing Facility in Andhra Pradesh

Authored By HDFC SKY | Published at: Jul 26, 2025 07:02 PM IST

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Gurugram, July 26, 2025 – RITES Limited (NSE: RITES, BSE: 541556) has announced the receipt of a significant order valued at ₹177.225 crore (excluding GST) from Bharat Electronics Limited (BEL) for a strategic infrastructure project in Andhra Pradesh.

Key Contract Details

The Letter of Intent (LoI) from BEL pertains to the design, project management consultancy (PMC), and construction of a mass manufacturing facility for the EM Strategic Business Unit (SBU) at BEL’s Palasamudram campus in Andhra Pradesh. The contract will be executed on a cost-plus basis, with an execution timeline of 24 months from the date of agreement.

Order Summary

Particulars	Details
Awarding Entity	Bharat Electronics Limited (BEL)
Nature of Work	Design, PMC Services, and Construction of Mass Manufacturing Facility
Location	Palasamudram, Andhra Pradesh
Contract Type	Cost Plus
Project Value	₹177.225 crore (excluding GST, including PMC fees)
Execution Timeline	24 months from the agreement date
Order Source	Domestic
Promoter/Group Interest	None
Related Party Transaction	No, not at arm’s length

The company confirmed that this transaction does not fall under related party transactions and there is no promoter or group company interest involved.

Strategic Implications

This order further cements RITES’ position as a leading infrastructure and consultancy partner for defense public sector undertakings. By contributing to BEL’s manufacturing expansion, RITES enhances its portfolio in defense-linked civil infrastructure, a priority sector under India’s “Aatmanirbhar Bharat” mission.

About RITES Limited

RITES Limited, a Government of India Enterprise under the Ministry of Railways, is listed on both NSE and BSE. The company specializes in transport infrastructure consultancy and engineering services, catering to railways, highways, airports, ports, and urban transport.

REF: https://nsearchives.nseindia.com/corporate/RITES_25072025191004_IntimationSigned.pdf

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