RITES shines on receiving LoA worth Rs 155.50 crore
Rites is currently trading at Rs. 230.15, up by 6.70 points or 3.00% from its previous closing of Rs. 223.45 on the BSE.
The scrip opened at Rs. 225.05 and has touched a high and low of Rs. 231.70 and Rs. 224.95 respectively. So far 53137 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 398.50 on 08-Jul-2024 and a 52 week low of Rs. 192.30 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 259.00 and Rs. 222.25 respectively. The current market cap of the company is Rs.11053.89 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 12.17% and 15.63% respectively.
RITES has received Letter of Award (LoA) from Numaligarh Refinery for ‘Railway Sidings at NRL Panchgram Terminal, 3rd Railway Spur at Rangapani (SMT) and Duliajan (Crude Oil TW Loading Railway Siding) of OIL’ on turnkey on cost plus mode subject to detailed Engineering approval from Railways. The total value of the order is Rs 155.50 crore excluding GST (including PMC / Consultancy Fees) and to be executed within 24 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.
