RITES Ltd receives contract from NTPC

RITES has received a rate contract from NTPC Limited for "Hiring of Diesel Locomotives on Lease Basis for NTPC Power Plants across the Country". NTPC stations shall place separate Purchase Orders from time to time within the validity of contract indicating exact requirement, completion period/date, amount etc. for actual execution.

The indicative value of this Rate Contract is Rs. 78.65 Crores (excluding GST). The value of actual orders will depend upon the actual requirement of various NTPC stations.

Shares of RITES Limited was last trading in BSE at Rs. 270.50 as compared to the previous close of Rs. 272.85. The total number of shares traded during the day was 28662 in over 970 trades.

The stock hit an intraday high of Rs. 274.95 and intraday low of 269.70. The net turnover during the day was Rs. 7806623.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 Contract NTPC