RITES consortium bags Rs. 61 crores consultancy order

RITES Limited has now secured General Consultancy order from Haryana Rail infrastructure Development Corporation Limited for their Haryana Orbital Rail Corridor (HORC), which is a new electrified Broad-Gauge double line (about 144 kms) from Palwal to Sonipat via Sohna, Manesar and Kharkhoda in the state of Haryana with speed potential of 160 kmph.

The Fee payable to the consortium will be about Rs. 61 crores.

Shares of RITES Ltd was last trading in BSE at Rs.266.4 as compared to the previous close of Rs. 269.85. The total number of shares traded during the day was 70252 in over 1388 trades.

The stock hit an intraday high of Rs. 272.35 and intraday low of 263.4. The net turnover during the day was Rs. 18855924.

Source : Equity Bulls

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