Archive · 26 Jul 2025
BEL Awards ₹177 Crore Contract to RITES for Andhra Pradesh Unit
Bharat Electronics gave RITES a contract worth about 177 crore rupees.
This contract is for a new manufacturing unit in Andhra Pradesh, and the price doesn't include certain taxes but does include some fees.
RITES will work on this project for two years.
The stock market reacted a bit, with RITES's stock price going down slightly at the end of the day.
Bharat Electronics awarded RITES a ₹177.225 crore contract.
The contract excludes GST and includes PMC fees.
The project involves an Andhra Pradesh manufacturing unit.
The project's execution period is 24 months.
RITES Ltd shares closed at ₹264.60, down 3.29%.
- Who
- Bharat Electronics awarded the contract to RITES.
- What
- Bharat Electronics awarded a contract to RITES for a manufacturing unit.
- When
- The contract was announced today.
- Where
- The project is for a manufacturing unit in Andhra Pradesh.
- Why
- The reason for the contract is for the establishment of a manufacturing unit.
- Contract Value
- ₹177.225 crore
- Contractor
- RITES
- Project Duration
- 24 months
- Share Price (RITES Ltd)
- ₹264.60
- Share Price Change
- ₹9.00 (3.29%)
