RITES Ltd receives order worth Rs. 53.5 crore

RITES has received the order from Andhra Pradesh Power Generation Corporation for providing bye-pass line connecting RTPP yard to Kalamalla Railway Station to RTPP Siding, which was earlier awarded on Project Management Consultancy (PMC) basis is now converted into turnkey contract.

The order value is Rs. 53.5 Crore excluding GST (including Project Management Consultancy fee).

Shares of RITES Limited was last trading in BSE at Rs. 302.80 as compared to the previous close of Rs. 308.50. The total number of shares traded during the day was 74271 in over 1838 trades.

The stock hit an intraday high of Rs. 308.50 and intraday low of 298.40. The net turnover during the day was Rs. 22475325.00.

Source : Equity Bulls

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