Shares of RITES gained 4 per cent at Rs 304.75 a piece on the BSE in Friday's intraday trade
The rise in RITES share price came after the company announced that it has secured an order worth $9.7 million from the Guyana government
Rites share price: The trading volume of nearly nine lakh Rites shares was higher than the two-week average quantity of 67,000 shares on the BSE
The rise in RITES share price came after the company announced that it has secured an order worth Rs 297.67 crore from the Ministry of External Affairs, Government of India
The contract is priced at Rs 148.25 crore and has to be executed within 23 months
At 10:20 AM, the BSE PSU index, the top gainer among sectoral indices, was up 3.5 per cent at 19,856, as compared to the 1.5 per cent rise in the BSE Sensex
The major order for electrification of Lumding - Badarpur section was received by the company in June 2021 and was priced at Rs 288.44 crore
The rise in RITES share price came after the company announced that it has secured an order worth Rs 453.99 crore from Karnataka Mining Environment Restoration Corporation
The MoU aims to explore cooperation and synergise strengths in developing railways and related infrastructure services in the UAE and wider region
RITES Ltd, an infrastructure, consultancy and engineering firm under the Railway Ministry, has focussed on being a future ready firm with several initiatives centred around information technology and artificial intelligence, Rahul Mithal, the Chairman and Managing Director of the company said in a press statement. According to the statement, in the 50th Annual General Meeting (AGM) of the company held on September 12, Mithal said that over the past five decades, RITES has grown from humble beginnings to being granted the prestigious Navratna status this financial year, committed to delivering consistent results and creating value for stakeholders. With our focus on being 'Future Ready', RITES has vigorously pursued its #ITReady, #SkillReady, and #AIReady initiatives, Mithal added. During the AGM, the shareholders approved resolutions such as the adoption of Audited Financial Statements of the company, 1:1 Bonus Equity Share for shareholders and Rs 5/share as a final dividend for ...