At 11:00 am, RITES shares had been buying and selling larger by 0.5 per cent at Rs 278 on the BSE
RITES (Rail India Technical and Economic Services) has bagged two main railway electrification orders from Ministry of Railways and a consultancy task from Metro Express Mauritius, the corporate stated in separate regulatory filings to the inventory exchanges.
RITES will likely be endeavor railway electrification work on the Mysore – Hassan – Mangalore railway route, amounting to Rs 461.23 crore. It may even be executing work between Lumding and Badarpur, price Rs 288.44 crore.
And Metro Express, Mauritius has awarded RITES extra consultancy providers work for extension of the mainline from Rose Hill to Reduit by Ebene for a charge of MUR 250 million or Rs 45 crore roughly.
RITES is a Miniratna public sector enterprise and a number one participant within the transport consultancy and engineering sector within the nation.
At 11:00 am, RITES shares had been buying and selling larger by 0.5 per cent at Rs 278 on the BSE as towards a 0.3 per cent decline within the benchmark indices.
