Hot Pursuit     15-Jun-24
RITES inks MoU with DVC for rail infra works
RITES announced that it has signed memorandum of Understanding (MoU) with Damodar Valley Corporation (DVC), for innovation in rail infra works.
The scope of the MoU includes comprehensive maintenance and operational management of railway sidings, signalling and telecommunication (S&T) systems, and 25KV Overhead Electrification (OHE) isolators across DVC’s private railway network in West Bengal and Jharkhand.

RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31 March 2024, the Government of India held 72.20% stake in the company.

The company has reported 4.48% fall in consolidated net profit to Rs 126.10 crore on a 6.34% decline in revenue to Rs 643.25 crore in Q4 FY24 over Q4 FY23.

The scrip rose 3.74% to end at Rs 705.30 on Friday 15 June 2024.

Previous News
  Rites fixes record date for 2nd interim dividend
 ( Market Beat - Reports 31-Oct-23   19:06 )
  Rites fixes record date for 2nd interim dividend
 ( Market Beat - Reports 03-Nov-22   15:07 )
  RITES to hold board meeting
 ( Corporate News - 21-Jul-22   14:20 )
  Board of RITES recommends Final Dividend
 ( Corporate News - 28-May-24   16:17 )
  Rites slips after Q4 PAT drops 3% YoY to Rs 132 cr
 ( Hot Pursuit - 19-May-23   10:44 )
  RITES to hold board meeting
 ( Corporate News - 15-May-24   17:31 )
  Rites Q1 PAT slides 21% YoY to Rs 108 cr
 ( Hot Pursuit - 31-Jul-23   12:00 )
  Rites inks MoU with Damodar Valley Crop
 ( Hot Pursuit - 25-Apr-24   08:28 )
  RITES secures consultancy works worth Rs 61.25 cr
 ( Corporate News - 27-Jan-21   13:45 )
  Rites fixes record date for buyback of shares
 ( Market Beat - Reports 18-Sep-20   16:22 )
  Board of RITES recommends final dividend
 ( Corporate News - 25-May-22   12:05 )
Other Stories
  JSW Energy arm secures LoA from SJVN
  29-Jun-24   16:45
  GE Power bags purchase orders from NTPC, MAHAGENCO
  29-Jun-24   16:05
  Cochin Shipyard arm inks contract with Norwegian company
  29-Jun-24   15:01
  Titan signs JV agreement with Rhythm Jewelry
  29-Jun-24   13:30
  BEL bags order worth Rs 3,172 crore from Armoured Vehicles Nigam
  29-Jun-24   12:44
  Orchid Pharma partners with Cipla for pan-India distribution of Cefepime-Enmetazobactam
  29-Jun-24   10:08
  Rajoo Engineers board OKs 1:1 bonus issue
  29-Jun-24   09:27
  Aditya Vision board to mull stock split proposal
  29-Jun-24   08:51
  Giriraj Civil Developers rallies on securing order worth Rs 181 crore
  28-Jun-24   16:57
  Oil India rises on appointing Rupam Barua as CFO
  28-Jun-24   15:25
Back Top