RITES Ltd bags orders of Rs. 1943.29 crores

RITES has received Letter of Acceptance for execution of following three new railway line turnkey projects from Ministry of Railways, Government of India:

1. New Line between Belgam - Dharwad and via kittur - Rs. 1010.80crore

2. New Line between Shimoga - Shikaripura-Ranebennur - Rs. 1074.02 crore

Tumkur-Devangere via Chitradurga - New Line Project - Rs. 1943.29 crore

Total award value for all the projects will be Rs. 4027.99 crores

Shares of RITES Limited was last trading in BSE at Rs. 265.4 as compared to the previous close of Rs. 269.6. The total number of shares traded during the day was 16685 in over 1160 trades.

The stock hit an intraday high of Rs. 271.8 and intraday low of 264.05. The net turnover during the day was Rs. 4461130.

Source : Equity Bulls

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