RITES Ltd secures consultancy orders for Rs. 46 crores

RITES Limited has secured following prestigious works:

- Project Management Consultancy for construction of 296 Km Bundelkhand Expressway in Uttar Pradesh for consultancy fee of Rs. 24.84 crores.

- Project Management Consultancy for construction of 90 Km Gorakhpur Link Expressway in Uttar Pradesh for consultancy fee of Rs. 10.34 crores.

- Project Management Consultancy of a Road over Bridge at Nigahi near Singrauli (UP) from Northern Coalfeilds Ltd. for an approx. fee of Rs. 3.75 crores.

- Detailed design work from Madhya Pradesh Metro Rail Corporation for Indore and Bhopal metro depots at a fee of Rs. 7 crores (exclusive of the applicable taxes).

Shares of RITES Ltd was last trading in BSE at Rs.245.2 as compared to the previous close of Rs. 250.95. The total number of shares traded during the day was 11030 in over 572 trades.

The stock hit an intraday high of Rs. 250 and intraday low of 243.9. The net turnover during the day was Rs. 2714370.

Source : Equity Bulls

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