Stock Report

RITES' office inaugurated in Guwahati

Posted On : 2022-06-18 11:58:47( TIMEZONE : IST )

RITES' office inaugurated in Guwahati

RITES Ltd., a leading transport infrastructure consultancy and engineering company, inaugurated its first office in Guwahati, Assam. Located opposite the Secretariat, in the heart of the city, the new office is spread across 5,500 square feet.

At the inauguration, Executive Director (Buildings & Airports), RITES Ltd., Mr. Pawan Chowdhry, said, "We have been partnering with North-East in its development. Now, to further cement RITES' presence in the region, we needed to have a centrally located office with dedicated staff. The Guwahati office will help RITES widen its growth potential multifold, as we continue to provide excellent infrastructure and consultancy services for projects across Assam and the rest of the North-East."

The office has been built in line with RITES' vision to continuously establish its presence in proximity to its projects, and to enhance Connectivity, Accessibility, and Mobility Everywhere in the North-East.

RITES' ongoing projects across the Seven Sisters include Institutional Buildings for NITMeghalaya, and IM-Shillong as well as building works for Oil India Limited at Duliajan, Assam. Additionally, RITES recently signed an MoU with the Government of Mizoram for infrastructure works.

Shares of RITES Limited was last trading in BSE at Rs. 228.20 as compared to the previous close of Rs. 233.25. The total number of shares traded during the day was 32578 in over 2014 trades.

The stock hit an intraday high of Rs. 238.05 and intraday low of 227.80. The net turnover during the day was Rs. 7605513.00.

Source : Equity Bulls


RITES INE320J01015 Office Guwahati Assam