According to the company’s exchange filing, the project will be executed on a turnkey basis and is scheduled to be completed within 36 months.
RITES is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia, and Indonesia).
The company’s consolidated net profit rose 1.4% to Rs 80.10 crore on a 0.8% rise in revenue from operations to Rs 489.74 crore in Q1 FY26 over Q1 FY25.
Shares of Rites rose 0.96% to end at Rs 247.85 on the BSE.