RITES secures order of Rs. 55 crores from NHIDCL for highway consulting

RITES has received an order for Consultancy Services for preparation of Detailed Project Report and providing Pre-Construction activities for Construction of Highway tunnels across certain sections on Darcha - Padam road (NH-301) including approaches in Himachal Pradesh & Ladhak from National Highways & Infrastructure Development Corporation Limited.

RITES is a Joint Venture partner in the said project and its fee is Rs. 55 crore (approx.).

Shares of RITES Ltd was last trading in BSE at Rs.247.35 as compared to the previous close of Rs. 245.55. The total number of shares traded during the day was 47348 in over 1790 trades.

The stock hit an intraday high of Rs. 254.7 and intraday low of 245. The net turnover during the day was Rs. 11805002.

Source : Equity Bulls

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