RITES declared top scorer bidder for Rs. 414 crores project

RITES has been declared top scorer (H-1) bidder and eligible for award of work as Project Management Consultancy (PMC) for the construction of various infrastructure works at IIT- Bhubaneswar to be undertaken under EPC mode III. The MoU with IIT-Bhubaneswar will be executed with mutually agreed terms & conditions.

The Estimated Project cost including PMC fees is estimated to be Rs. 414 Crore excluding GST.

Shares of RITES Limited was last trading in BSE at Rs. 553.65 as compared to the previous close of Rs. 520.00. The total number of shares traded during the day was 297241 in over 7896 trades.

The stock hit an intraday high of Rs. 564.00 and intraday low of 523.00. The net turnover during the day was Rs. 164154546.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 H1Bidder WorkOrder PMC