RITES Ltd receives order worth Rs. 46.82 crore

RITES has received order for "Construction and renovations of Government First Grade college at various location in Karnataka under PM USHA Scheme" from Department of Collegiate and Technical Education (DCTE) Office of the Commissioner, Unnatha Shikshna Soudha, Seshadri Road Bengaluru which was earlier considered on Project Management Consultancy (PMC) basis is now converted into turnkey contract (cost of project plus RITES fees).

The Project cost including RITES fees is Rs. 46.82 Crore excluding GST.

Shares of RITES Limited was last trading in BSE at Rs. 278.35 as compared to the previous close of Rs. 280.40. The total number of shares traded during the day was 55890 in over 1316 trades.

The stock hit an intraday high of Rs. 281.55 and intraday low of 276.55. The net turnover during the day was Rs. 15580931.00.

Source : Equity Bulls

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