RITES rose 1.52% to Rs 247.85 after the company secured a letter of award worth Rs 25.30 crore from NTPC for a biennial MGR contract covering maintenance and operations at the NTPC Mouda Super Thermal Power Project.
RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach.NTPC, along with its subsidiaries/associates & JVs, is primarily involved in the generation and sale of bulk power to state power utilities. Other business of the group includes providing consultancy, project management & supervision, energy trading, oil & gas exploration, and coal mining.
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