Mumbai, July 8 -- Shares of Rites declined 3.42% to Rs 227.60 on the BSE.

Under the contract, Silver Touch will design and deploy an AI-native platform built specifically for appraising Detailed Project Reports, rather than a conventional software application with AI features layered on top. The company said the platform is intended to transform the way RITES evaluates infrastructure project reports. The said contract is valued at Rs 6.27 crore.

The platform will feature three self-hosted large language models (Llama 3.1 70B, Mistral 7B and Qwen 2.5 7B) running on NVIDIA A100 GPU infrastructure within RITES' secure data centre, ensuring that project data remains within the organization's environment with no external data transfer.

The ...