Hot Pursuit     27-Jan-21
RITES firms up on securing major order
RITES gained 0.72% to Rs 259.4 after the EPC company said it secured consulting work order of Rs 61.25 crore from Kerala Infrastructure Investment Fund Board (KIIFB).
RITES in a regulatory filing during market hours today announced that it has secured a road sector project management consultancy work order from KIIFB, Government of Kerala with a fee income of Rs 61.25 crore.

RITES is a Miniratna (Category – I) Schedule 'A' Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 30 September 2020, the Government of India held 72.02% stake in the company.

The company's consolidated net profit fell 44.19% to Rs 132.36 crore on 41.18% drop in revenue from operations to Rs 438.91 crore in Q2 September 2020 over Q2 September 2019.

Previous News
  Board of RITES recommends first interim dividend
 ( Corporate News - 31-Jul-24   14:24 )
  Rites spurts after inking MoU with DMRC
 ( Hot Pursuit - 14-Jun-24   11:52 )
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  Rites Q1 PAT slides 21% YoY to Rs 108 cr
 ( Hot Pursuit - 31-Jul-23   12:00 )
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 ( Corporate News - 01-Jul-24   18:42 )
  RITES successfully bids for tender floated by Bangladesh Railway
 ( Corporate News - 05-Oct-23   14:59 )
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 ( Corporate News - 14-Dec-23   18:45 )
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 ( Corporate News - 13-Jul-22   10:32 )
  Rites consolidated net profit declines 4.48% in the March 2024 quarter
 ( Results - Announcements 28-May-24   15:31 )
  RITES rises on emerging as L-1 bidder for $111 mln project.
 ( Hot Pursuit - 05-Oct-23   14:59 )
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