RITES Ltd receives amendment to LOA from NALCO

RITES Ltd has received amendment to the LOA dated 31.03.2021 for Detailed Engineering & Project Management Consultancy (PMC) for the work of Construction of Railway Siding at Sankerjang in Phase-I for Utkal-D Coal Mines of NALCO" on Deposit Mode from National Aluminium Company Limited (NALCO), on cost plus turnkey basis.

The Contract Value has been enhanced from Rs. 79.73 Crore to Rs. 118.89 Crore excluding GST (including RITES fees).

Shares of RITES Limited was last trading in BSE at Rs. 200.30 as compared to the previous close of Rs. 191.75. The total number of shares traded during the day was 97127 in over 2332 trades.

The stock hit an intraday high of Rs. 201.35 and intraday low of 196.15. The net turnover during the day was Rs. 19359204.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 LOA Amendment NALCO