RITES Secures Rs 1.77 Billion BEL Facility Contract

29 Jul 2025 CW Team

Engineering services firm RITES Ltd announced on Friday, 25 July, that it has received a Letter of Intent from Bharat Electronics Limited (BEL) for a Rs 1.77 billion contract, excluding GST, to provide design and project management consultancy (PMC) services, along with construction of a mass manufacturing facility at BEL’s Palasamudram unit in Andhra Pradesh. The project, which includes PMC fees, will be executed over 24 months on a cost-plus basis.

This domestic contract awarded by BEL encompasses comprehensive responsibilities, including end-to-end design, PMC oversight, and facility development for its EM SBU.

Fourth Quarter Results

RITES reported a 3.4 per cent year-on-year rise in net profit for the quarter to Rs 141 crore. However, revenue declined by 4.3 per cent to Rs 615 crore, down from Rs 643 crore in the corresponding period last year.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose by 5.4 per cent to Rs 185.5 crore, while EBITDA margins improved by 564 basis points to 30 per cent.

The company also declared a final dividend of Rs 2.65 per share for FY25, pending approval at its 51st Annual General Meeting. If approved, the dividend will be paid within 30 days of the declaration.

Shares of RITES Ltd closed at Rs 264.60 on the BSE, down Rs 9.00 or 3.29 per cent.

Image source:https://scanx.trade/

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..