RITES receives LoI from Bharat Electronics Ltd

RITES has received Letter of Intent from Bharat Electronics Limited for "Design, Project Management Consultancy (PMC) Services and Construction of Mass Manufacturing Facility for EM SBU at BEL - Palasamudram (AP)" on cost plus basis.

The estimated project cost is Rs. 177.225 Crore excluding GST (including PMC fee).

Shares of RITES Limited was last trading in BSE at Rs. 264.60 as compared to the previous close of Rs. 273.60. The total number of shares traded during the day was 35436 in over 1190 trades.

The stock hit an intraday high of Rs. 272.75 and intraday low of 263.20. The net turnover during the day was Rs. 9451204.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 LoI BharatElectronics