RITES Ltd consortium emerges L1 for DMRC tender

RITES Consortium emerges as the lowest bidder (L-1) in the tender floated by Delhi Metro Rail Corporation Limited for "Retrofit Work in RS-1 Trains of DMRC". The order is subject to award after the due process of Delhi Metro Rail Corporation Limited scrutiny / evaluation as per the requisite requirements mentioned in the tender documents. The estimated value of the bid is Rs. 87.58 Crore (approx.) including GST, wherein RITES share is 49% i.e. Rs. 42.91 Crore (approx.) including GST.

Shares of RITES Limited was last trading in BSE at Rs. 365.40 as compared to the previous close of Rs. 353.80. The total number of shares traded during the day was 118453 in over 2997 trades.

The stock hit an intraday high of Rs. 367.75 and intraday low of 348.10. The net turnover during the day was Rs. 42823558.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 L1 LowestBidder DMRC Tender