RITES Ltd receives LoA from South Central Railway

RITES has received Letter of Acceptance for "Carrying out Final Location Survey involving Preparation of DPR, Final Alignment Design, Traffic Survey Report, ROR calculations, Detailed Estimate and Preparation of EPC documents for High Speed Elevated Rail Corridor between Hyderabad- Benguluru and Hyderabad-Chennai using Modern Survey Techniques e.g. Airborne or Terrestrial LIDAR" from South Central Railway and formal agreement shall be executed in due course.

The order value is Rs. 27.96 Crores excluding GST.

Shares of RITES Limited was last trading in BSE at Rs. 212.80 as compared to the previous close of Rs. 209.45. The total number of shares traded during the day was 108256 in over 2191 trades.

The stock hit an intraday high of Rs. 214.60 and intraday low of 210.60. The net turnover during the day was Rs. 22974495.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 LoA OrderWin SouthCentralRailway