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RITES shines on securing Railway Contract of Rs 294.67 crore

10 Sep 2018 Evaluate

Rites is currently trading at Rs. 272.00, up by 11.00 points or 4.21% from its previous closing of Rs. 261.00 on the BSE.

The scrip opened at Rs. 265.80 and has touched a high and low of Rs. 274.45 and Rs. 265.80 respectively. So far 103294 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 326.55 on 17-Aug-2018 and a 52 week low of Rs. 190.00 on 02-Jul-2018.

Last one week high and low of the scrip stood at Rs. 288.00 and Rs. 245.70 respectively. The current market cap of the company is Rs. 5220.00 crore.

The promoters holding in the company stood at 87.40%, while Institutions and Non-Institutions held 5.12% and 7.48% respectively.

RITES has secured an additional work of Rs 294.67 crore from Ministry of Railways for doubling of Dharmavaram Penukunda rail lines (41.5 Kms) in South Western Railways. Earlier, RITES was awarded doubling work for 90.2 Kms of Dharmavaram Penukunda rail lines in South Central Railways for a cost of Rs 666.38 crores from Ministry of Railways. The said work has been awarded to RITES on cost plus basis in which RITES will be paid fee at the rate of 8.5% of the cost of work.

RITES, an ISO 9001:2008 company, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.

Rites Share Price

220.00 1.15 (0.53%)
21-Apr-2026 16:59 View Price Chart
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