RITES Wins ₹285 Million Contract From Gujarat Urban Development Co.

RITES Ltd. on Tuesday said it has secured a letter of intent from Gujarat Urban Development Co. Ltd. for a contract worth ₹285 million. The order involves appointment as an agency for projects under the Swarnim Jayanti Mukhya Mantri Shaheri Vikas Yojana, the company said in a stock exchange filing.

The contract, which pertains to urban local bodies across Gujarat, is expected to be executed over a period of 60 months.