RITES Ltd emerges L1 for bid worth Rs. 28.50 crore

RITES Ltd is the lowest bidder (L-1) in the financial bid of the QCBS tender floated by Gujarat Urban Development Company Limited for "Appointment of TPI agency for WSS/UGD/STP projects under Amrut 2.0/SJMMSVY under GUDC for ULBs of Gujarat". The order is subject to award after the due process of scrutiny and overall evaluation (technical and financial) by the Gujarat Urban Development Company Limited as per the requisite requirements mentioned in the tender documents. The estimated value of the bid is Rs. 28.50 Crore excluding GST.

Shares of RITES Limited was last trading in BSE at Rs. 279.15 as compared to the previous close of Rs. 277.45. The total number of shares traded during the day was 116332 in over 2709 trades.

The stock hit an intraday high of Rs. 282.20 and intraday low of 275.40. The net turnover during the day was Rs. 32454875.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 L1 LowestBidder Order