RITES Ltd receives addendum to contract agreement

RITES Ltd has received the addendum to the Contract Agreement whereby Ntokoto Rail Holdings Pty. Ltd. has awarded additional work for Supply and commissioning of overhauled in-service of Cape Gauge ALCO Diesel Electric Locomotives fitted with new Cape Gauge Bogies, Traction Motors, Control System Air braked, etc. overhauled at nominated facility and on-site warranty support for one year.

The value of order has been revised from 5.40 Million USD (CIF) to 10.80 Million USD (CIF).

Shares of RITES Limited was last trading in BSE at Rs. 204.40 as compared to the previous close of Rs. 209.40. The total number of shares traded during the day was 73411 in over 1177 trades.

The stock hit an intraday high of Rs. 211.10 and intraday low of 203.25. The net turnover during the day was Rs. 15266580.00.

Source : Equity Bulls

Keywords

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