RITES Secures ₹175.41 Cr Project Management Contract

RITES Ltd has announced securing a significant Project Management Consultancy (PMC) services contract from Babasaheb Bhimrao Ambedkar University (BBAU). The contract, valued at approximately ₹175.41 Crore (excluding GST), involves planning, design, and development of infrastructural facilities within the BBAU campus. The project is to be executed on a Cost Plus PMC Fee basis and has an estimated completion period of 30 months from the agreement signing date or until the completion of the allotted work, whichever is later. This order is from a domestic entity and does not involve any related party transactions.