RITES moves up on emerging as lowest bidder in tender floated by UP State Bridge Corporation
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Rites is currently trading at Rs. 667.00, up by 2.55 points or 0.38% from its previous closing of Rs. 664.45 on the BSE.
The scrip opened at Rs. 669.95 and has touched a high and low of Rs. 679.00 and Rs. 666.35 respectively. So far 15699 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 826.15 on 27-Feb-2024 and a 52 week low of Rs. 432.65 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 683.70 and Rs. 647.25 respectively. The current market cap of the company is Rs. 15966.86 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 14.28% and 13.51% respectively.
RITES has emerged as the lowest bidder (L-1) in the tender floated by UP State Bridge Corporation for Consultancy Services for Construction of Civil works (CSC) for supervision, Monitoring, Quality Control and Work Zone Safety for Construction of Bridges, Rail Over/Under Bridges, Flyovers and Elevated Roads including approaches in several districts of Uttar Pradesh. The order is subject to award after the due process of scrutiny / evaluation by the UP State Bridge Corporation as per the requisite requirements mentioned in the tender documents. The estimated value of the bid is Rs 60.03 crore plus GST.
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.
