RITES Ltd announces revision of contract amount by IIM, Raipur

RITES has received the letter from Indian Institute of Management, Raipur whereby the estimated project cost for "Construction of Academic Block, Hostel Cluster consisting of 4 Blocks, Construction of 1st floor of Students dining Block and Auditorium Block and its associated services under EPC mode-III of contract under phase-II at IIM Raipur has been revised from Rs. 148.25 Crore to Rs. 220.65 Crore on Cost plus basis excluding GST (including PMC fee)."

Shares of RITES Limited was last trading in BSE at Rs. 274.95 as compared to the previous close of Rs. 277.55. The total number of shares traded during the day was 63795 in over 1924 trades.

The stock hit an intraday high of Rs. 278.60 and intraday low of 273.90. The net turnover during the day was Rs. 17561321.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 ProjectCost Revision IIMRaipur