RITES Updates Railway Electrification Order To ₹154.65 Crore; Shares Rise 0.75%

Mumbai, September 22: RITES has revised the project cost of its major order from South Central Railway for project management consultancy services related to the electrification of the Bidar-Kalaburagi (Gulbarga) railway section in Karnataka.

RITES Updates South Central Railway Electrification Order

According to the exchange filing, the order covers Project Management Consultancy Services for the electrification of the Bidar-Kalaburagi (Gulbarga) section covering 110 route kilometres (RKM).

The assignment was awarded by South Central Railway on a cost-plus turnkey basis. RITES said the revised project cost is ₹154.65 crore, excluding GST and including RITES fees, compared with the original project cost of ₹97.96 crore on the same basis.

The order was awarded by a domestic entity and the execution period is ongoing. The filing also states that the transaction is between a government entity and a government company, with no promoter or promoter group interest in the awarding entity.

Stock Market Snapshot

RITES shares were trading at ₹204.75 as of 2:45 PM IST on September 22, 2026, up ₹1.52, or 0.75%, according to the market data shown.

The stock traded mostly between the ₹203 and ₹205 levels for much of the session before moving higher after 2 PM. The latest price remained above the ₹204 mark.

The RITES share price movement came as the company disclosed an update to the value of its ongoing railway electrification consultancy assignment with South Central Railway.

Order Covers 110 RKM Railway Electrification Work

The project relates to railway electrification of the Bidar-Kalaburagi section and forms part of RITES’ consultancy work for the railway sector.

Under the cost-plus turnkey structure, the revised project cost now stands at ₹154.65 crore excluding GST, including RITES fees. The updated value represents an increase of ₹56.69 crore over the original disclosed project cost of ₹97.96 crore.

The filing identifies the transaction as one between a government entity and a government company. It also confirms that the order does not fall within a related-party transaction.

RITES’ Role In Railway Projects

RITES is a government-owned engineering and consultancy company with operations across transport infrastructure and related sectors. Its railway business includes consultancy and project management services covering areas such as railway infrastructure, electrification and associated engineering activities.

The latest disclosure adds to the company’s ongoing project portfolio with Indian Railways, with the South Central Railway assignment covering the electrification of a 110 RKM section.

Conclusion

RITES has revised the project cost of its South Central Railway electrification assignment to ₹154.65 crore excluding GST, including RITES fees, from the previously disclosed ₹97.96 crore.

The ongoing project involves project management consultancy services for the electrification of the 110 RKM Bidar-Kalaburagi section. RITES shares were trading at ₹204.75, up 0.75%, as of 2:45 PM IST on September 22, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/RITES/RITES-Limited
• https://nsearchives.nseindia.com/corporate/RITES_22092026141041_IntimationSigned22092026.pdf