RITES Ltd emerges L1 bidder for General Consultancy order

RITES Ltd. has, in consortium, emerged as L-1 bidder for a General Consultancy order from Haryana Rail Infrastructure Development Corporation Limited for their Haryana Orbital Rail Corridor (HORC) which is a new electrified Broad-Gauge double line (about 144 kms) from Palwal to Sonipat via Sohna, Manesar and Kharkhoda in the state of Haryana with speed potential of 160 kmph.

Fee payable to the consortium will be about Rs. 61 crores.

Shares of RITES Ltd was last trading in BSE at Rs.241.1 as compared to the previous close of Rs. 245.55. The total number of shares traded during the day was 100378 in over 8316 trades.

The stock hit an intraday high of Rs. 245 and intraday low of 240.6. The net turnover during the day was Rs. 24301567.

Source : Equity Bulls

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