Archive · 3 Jun 2025
RITES Wins ₹28 Crore Project Bid from Gujarat Development Company
RITES, a company, won a contract to work on water and sewage projects in Gujarat.
They offered the lowest price, making them the winning bidder.
The project is worth ₹28 crore and will last five years.
RITES also recently made more profit than last year and announced a dividend for its shareholders, meaning they are sharing some of the profits.
This indicates that the company is financially healthy.
RITES emerged as the lowest bidder for a Gujarat Urban Development Company project.
The project is valued at ₹28 crore.
The contract involves a TPI agency for WSS/UGD/STP projects.
RITES' Q4 net profit increased to ₹141 crore.
The company declared a final dividend of ₹2.65 per share.
- Who
- RITES Ltd.
- What
- RITES won the bid for a Gujarat Urban Development Company project.
- When
- Announced on Tuesday, June 3
- Where
- Gujarat, India
- Why
- To provide TPI agency for WSS/UGD/STP projects
- Project Value
- ₹28 crore
- Client
- Gujarat Urban Development Company Limited
- Contract Duration
- 60 months
- RITES Q4 Net Profit
- ₹141 crore
- RITES Revenue
- ₹615 crore
- Dividend
- ₹2.65 per share
