RITES Limited has announced the receipt of a Letter of Intent (LoI) from Bharat Electronics Limited (BEL) for a major infrastructure project in Andhra Pradesh. As per the regulatory filing dated July 25, the contract involves design, project management consultancy (PMC) services, and construction of a mass manufacturing facility for BEL’s EM Strategic Business Unit (SBU) at Palasamudram, Andhra Pradesh.
The project, awarded on a cost-plus basis, is valued at approximately ₹177.225 crore (excluding GST) and includes the PMC fee. The timeline for completion is set at 24 months from the date of agreement.
This new order further strengthens RITES’ footprint in defence and industrial infrastructure development. Notably, the contract is a domestic order and does not involve any related party transactions.
The partnership reflects growing collaboration between public sector enterprises in delivering high-end manufacturing infrastructure tailored to India’s strategic sectors.
About RITES:
RITES Ltd. is a leading government-owned engineering consultancy company that serves the transport, infrastructure, and related sectors in India and abroad.
About BEL:
Bharat Electronics Limited is a Navratna PSU under the Ministry of Defence, focused on manufacturing advanced electronics for the Indian Armed Forces and other sectors.
