RITES gains on receiving order from Andhra Pradesh Power Generation Corporation
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RITES is currently trading at Rs. 304.80, up by 2.00 points or 0.66% from its previous closing of Rs. 302.80 on the BSE.
The scrip opened at Rs. 305.05 and has touched a high and low of Rs. 312.05 and Rs. 302.25 respectively. So far 20618 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 413.08 on 27-Feb-2024 and a 52 week low of Rs. 216.33 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 318.45 and Rs. 298.40 respectively. The current market cap of the company is Rs. 14605.55 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 12.83% and 14.97% respectively.
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.
Broad consideration or size of the order is Rs 53.5 crore excluding GST (including Project Management Consultancy fee). The said order is expected to be completed in 18 months.
RITES 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.
