RITES (NSE:RITES, BOM:541556) has secured a new order worth 1.48 billion Indian rupees from the Indian Institute of Management Raipur (IIM Raipur), according to a Thursday filing to the stock exchanges.

The contract is for providing project management consultancy for the execution, supervision, monitoring, and development of

the Phase II campus of IIM Raipur in Chhattisgarh, India on a cost-plus basis.

The project is expected to be completed in 23 months.

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