RITES Limited secures contracts for Rs. 205.85 crore

RITES Ltd. has been awarded Turnkey contract for construction of Road Over Bridges (ROBs) in replacement of existing level crossings on competition basis from Railway Board amounting to Rs. 205.85 Crores. An MOU will be executed between RITES and South Central Railway (SCR) in this regard in due course.

This turnkey contract covers construction of 4 nos. of ROBs in replacement of level crossings in Vijaywada division of SCR on Vijaywada-Vishakhapatnam section in the state of Andhra Pradesh.

Shares of RITES Ltd was last trading in BSE at Rs.241.7 as compared to the previous close of Rs. 244.65. The total number of shares traded during the day was 14769 in over 587 trades.

The stock hit an intraday high of Rs. 243.6 and intraday low of 240. The net turnover during the day was Rs. 3571731.

Source : Equity Bulls

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