RITES Limited emerges lowest bidder for two packages of Railway Electrification works

RITES Limited has emerged as Lowest bidder for a tender called by Railway Board, Ministry of Railways for railway electrification work on turnkey basis. The tender for two packages, package - 1 for 779 RKM on Southern Western Railway and package - 2 for 762 RKM on Northeast Frontier railways, will aggregate to Rs. 1741 crores.

Shares of RITES Ltd was last trading in BSE at Rs.282.1 as compared to the previous close of Rs. 278.55. The total number of shares traded during the day was 98114 in over 2983 trades.

The stock hit an intraday high of Rs. 284 and intraday low of 279.1. The net turnover during the day was Rs. 27660041.

Source : Equity Bulls

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