RITES Bags Rs 45.18 Cr Order, Yet Shares Fall 3%

• RITES shares fell nearly 3% in opening trade despite securing a Rs 45.18 crore work order.
• The order is from West Bengal's Public Works (Roads) Directorate for PMC services on a four-lane bridge over Muriganga river.
• The project connects Kachuberia (Sagar Island) with Kakdwip in South 24 Parganas and is scheduled for completion in 48 months.
• RITES also received revised estimates of Rs 729.28 crore from South Western Railway for railway electrification work.
• In Q3 FY25 (Dec 2025), standalone net profit marginally rose to Rs 95.51 crore, while revenue jumped 4.5% to Rs 569.18 crore.