RITES Ltd secures two major orders from Ministry of Railways

RITES Ltd had earlier announced about its lowest bid for a tender called by Railway Board, Ministry of Railways for railway electrification work on turnkey basis. RITES has now been awarded the following confirmed orders totaling Rs. 749.67 crores:

a) Mysore - Hassan - Manglore incl. Hassan - arsikere and b) Kadur - Chikmaglur - Total value of Rs. 461.23 (incl fee) crores.

Lumding - Badarpur Rs. 288.44 crores (incl fee)

Shares of RITES Ltd was last trading in BSE at Rs.271.4 as compared to the previous close of Rs. 272.15. The total number of shares traded during the day was 113443 in over 1397 trades.

The stock hit an intraday high of Rs. 272.7 and intraday low of 266.2. The net turnover during the day was Rs. 30429477.

Source : Equity Bulls

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