RITES secures work of RS. 67.79 crore from NHSRCL

RITES has secured a work from National High Speed Rail Corporation Limited for Establishment and Maintenance of Continuously Operating Reference Stations (CORS) along 487 km long Mumbai-Ahmedabad High Speed Rail Corridor, excluding 21 km undersea tunnel. This contract would be for a period of 6 years and RITES fees for the said work will be Rs. 67.79 Crore.

Shares of RITES Ltd was last trading in BSE at Rs.266.4 as compared to the previous close of Rs. 267.95. The total number of shares traded during the day was 21120 in over 574 trades.

The stock hit an intraday high of Rs. 270.9 and intraday low of 266. The net turnover during the day was Rs. 5678967.

Source : Equity Bulls

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