RITES Ltd bags Railway Electrification project of Rs. 474.92 crore

RITES Limited has been awarded a contract for Railway Electrification works on competition basis amounting to Rs. 474.92 crore. An MOU will be executed between RITES and the concerned Railway in this regard in due course.

This Turnkey contract majorly covers sections of Mavli-B.Sadri for 82 RKM, Udaipur City - Himmatnagar for 210 RKM, Bhatinda - Firozpur for 81 RKM and Gulbarga - Bidar for 110 RKM of NWR, NR and SCR respectively.

Shares of RITES Ltd was last trading in BSE at Rs.255.25 as compared to the previous close of Rs. 252.45. The total number of shares traded during the day was 40882 in over 1406 trades.

The stock hit an intraday high of Rs. 258.9 and intraday low of 251.7. The net turnover during the day was Rs. 10473349.

Source : Equity Bulls

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