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As on : 25-Jun-2025
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25-Jun-2025     10:22

RITES gains after securing Rs 28.5-cr contract from GUDC

Under the contract, RITES will serve as the third-party inspection (TPI) agency for water supply systems (WSS), underground drainage (UGD), and sewage treatment plant (STP) projects across urban local bodies (ULBs) in Gujarat. The projects fall under the AMRUT 2.0 and SJMMSVY schemes and will be executed over a period of 60 months.

RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31 March 2025, the Government of India held a 72.20% stake in the company.

The company's consolidated net profit rose 5.24% to Rs 132.71 crore despite a 4.32% decline in revenue to Rs 615.43 crore in Q4 FY25 as compared with Q4 FY24.

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