RITES led consortium secures railway project in Bangladesh

RITES led consortium has secured a project for consultancy services from Bangladesh Railways for Construction of Dual Guage Railway Line from Bogura to Shahid M. Mansur Ali station, Sirajganj of Bangladesh Railway.

This is an 80 KM long green field project and it has two phases: 1) updating feasibility and DPR and 2) Construction supervision. Duration is 13 months for Phase - 1 and 30 months for Phase - 2. The project is funded by Government of India under LOC.

Total Fee Income would be USD 8522,198 which is about Rs. 63 crores

Shares of RITES Limited was last trading in BSE at Rs. 265.4 as compared to the previous close of Rs. 269.6. The total number of shares traded during the day was 16685 in over 1160 trades.

The stock hit an intraday high of Rs. 271.8 and intraday low of 264.05. The net turnover during the day was Rs. 4461130.

Source : Equity Bulls

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