RITES shines on signing MoU with SAIL-Bokaro Steel Plant
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Rites is currently trading at Rs. 302.00, up by 7.60 points or 2.58% from its previous closing of Rs. 294.40 on the BSE.
The scrip opened at Rs. 295.00 and has touched a high and low of Rs. 302.95 and Rs. 292.95 respectively. So far 13251 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. 217.68 on 10-Nov-2023.
Last one week high and low of the scrip stood at Rs. 302.75 and Rs. 271.45 respectively. The current market cap of the company is Rs. 14148.98 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 signed a Memorandum of Understanding (MoU) with SAIL-Bokaro Steel Plant (SAIL-BSL), under the Ministry of Steel, to collaborate for Project Management Consultancy for rail connectivity works involving both existing and new railway tracks across various sites within the Bokaro Steel Plant in Jharkhand. Under the MoU, RITES will provide comprehensive services, including surveying, engineering, project monitoring, supervision and quality control.
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.
