RITES Ltd has received a consultancy contract worth ₹45.18 crore from the Public Works Roads Directorate of the Government of West Bengal. The order involves providing Project Management Consultancy services for the construction of a proposed four lane extra dosed bridge across the Muriganga river.

The project includes the development of approach roads linking Kachuberia on Sagar Island with Kakdwip in the South 24 Parganas district. According to the project timeline, the assignment is scheduled to be executed over a period of 48 months, reflecting a medium term infrastructure engagement for the engineering consultancy firm.

Despite the order announcement, the company’s shares declined in early trading on March 9. The stock was trading near ₹200.66 on the NSE in morning trade, down about 2.9 percent from the previous close of ₹206.35. The decline occurred amid broader market caution following rising crude oil prices and global risk sentiment.

Separately, RITES has also received revised estimates worth ₹729.28 crore from South Western Railway for railway electrification work covering the Mysuru Hassan Mangaluru section, including the Hassan Arsikere line. The project will be executed on a cost plus turnkey basis, expanding the company’s railway infrastructure execution pipeline.

Financially, the company reported a marginal rise in standalone net profit to ₹95.51 crore in the December 2025 quarter, while revenue increased about 4.5 percent year on year to ₹569.18 crore. The order inflow supports RITES’ strategy of expanding consultancy and engineering services across railways and transport infrastructure.

The stock remains significantly below its 52 week high of ₹316.15 recorded in June 2025 and close to its recent lows, indicating cautious investor sentiment despite steady order inflows. Investors will monitor execution visibility and further infrastructure contracts as key drivers for earnings growth.