RITES Secures new order of Rs 148 Crore under Jal Jeevan Mission

RITES has secured a business of Third Party Inspection for the works under Jal Jeevan Mission (JJM), Rajasthan under the Jurisdiction of PHED Region of Jaipur, Jaipur-I, Jaipur-II & Bikaner. The likely cost of works for major projects in the aforementioned regions comes around ?11209 Crore. The RITES' fees in the work order cost of JJM works in these regions is 1.32%, which comes around ?148 Crore.

Shares of RITES Limited was last trading in BSE at Rs. 330.05 as compared to the previous close of Rs. 330.65. The total number of shares traded during the day was 58381 in over 1688 trades.

The stock hit an intraday high of Rs. 338.30 and intraday low of 328.70. The net turnover during the day was Rs. 19477812.00.

Source : Equity Bulls

Keywords

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