News

RITES has received work of Project Management Consultancy services for planning, design and development of infrastructural facilities and other related works in campus of Babasaheb Bhimrao Ambedkar University (BBAU) on Cost Plus PMC Fee basis. The contract is valued at Rs 175.41 crore.

RITES signed a Memorandum of Understanding (MoU) with Container Corporation of India (CONCOR), a Navratna Public Sector Enterprise under the Ministry of Railways, to collaborate on Project Management Consultancy (PMC) services from concept to commissioning for the development and improvement of CONCOR`s terminals and establishments. The partnership will leverage RITES` multidisciplinary engineering and project management expertise to support the planning, design, execution and supervision of infrastructure projects undertaken for CONCOR. Under the MoU, CONCOR may entrust RITES, on a work-to-work basis, with Project Management Consultancy services from concept to commissioning. These services will include feasibility studies, preparation of Detailed Project Reports, detailed engineering, architectural and structural design, project supervision, quality assurance, and construction management etc.The collaboration will support the development and improvement of infrastructure including multimodal logistics parks, inland container depots, rail-linked terminals, warehouses, railway infrastructure, administrative buildings, roads, utilities and allied facilities. Through this partnership, both RITES and CONCOR aim to leverage their respective strengths to facilitate the timely execution of logistics infrastructure projects and contribute to the development of efficient multimodal logistics facilities in the country.

Rites has received affirmation in credit ratings from lnfomerics Valuation and Rating at IVR AAA; Stable /IVR A1+ for bank facilities of Rs 3,555 crore.

RITES and Neyveli Uttar Pradesh Power (NUPPL) has executed amendment to the Memorandum of Understanding (MoU) for inclusion of hiring of locomotives on a wet-lease basis for in plant movement and shunting of rakes at NUPPL-GTPP Railway Siding in the existing work. With this, the contract value has been enhanced from Rs 120.13 crore to Rs 148.93 crore.

The board of Rites at its meeting held on 25 June 2026 has accorded its approval for formation and investment of capital in proposed Joint Venture Company between RITES and NICC Infrastructure Construction LLC in the form of a Limited Liability Company (LLC) in United Arab Emirates (UAE).