| Purpose | Announcement Date | Bonus Date | Record Date | Bonus Ratio |
|---|---|---|---|---|
| Bonus | 3 Sep 2024 | 20 Sep 2024 | 20 Sep 2024 | 1:1 |
| 1:1 Bonus Issue of Equity Shares Trading Members of the Exchange are hereby informed that RITES Limited has fixed Record Date for the purpose of Bonus Issue of Equity Shares of the Company. The transactions in the Equity Shares of the Company would be on an Ex-Bonus basis with effect from the under-mentioned date :- DEMATERIALISED SECURITIES - ROLLING SETTLEMENT SEGMENT COMPANY NAME & CODE RITES Limited (541556) RECORD DATE 20.09.2024 PURPOSE Issue of 01 (One) Bonus Equity Share of Rs.10/- each for every 01 (One) existing Equity Share of Rs.10/- each held Ex-Bonus basis from Date & Sett. No. 20/09/2024 DR- 720/2024-2025 (As Per BSE Notice Dated on 17.09.2024) | ||||
SAIL's Bhilai Steel Plant has contracted RITES to repair 43 WDS6 locomotives as part of the "R3Y/R6Y Repair of WDS6 Locomotives" project.
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The cost includes construction costs and PMC charges, excluding GST. The project shall be completed in 59 months from the effective date including defect liability period.
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The revised order puts more focus on the commitment of RITES to further Indian railway electrification projects.
Scope of work includes upgrades and modifications to improve performance and extend the lifespan of DMRC's RS-1 trains.
It is expected to be completed in 30 months from the signing of the agreement or site handover.
The collaboration will focus on various areas, including supply and leasing of rolling stock, project consultancy, and management for railway infrastructure projects.
Recently, RITES announced a bonus share allotment of 1:1 and a final dividend of ₹5 per share for eligible shareholders.
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