Rites Ltd News Today

The contract was awarded by the Department of Collegiate and Technical Education (DCTE), Bengaluru, under the centrally sponsored PM USHA Scheme.

BSE Analytics stated that RITES have given multibagger returns, gaining over 152.32% in the past three years.

The board also recommended a final dividend of ₹2.65 per share for FY25.

The two public sector firms plan to explore ways to work together on setting up a steady, secure supply chain for metals and minerals, including those considered critical to the country’s long-term needs.

The project is to jointly develop a supply chain that is fast, dependable, and sustainable, covering a range of minerals, including copper and other strategically important resources.

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The work entails technical and management assistance for the proposed Phase-II SILO rail connectivity project at the Lakhanpur Area of MCL, as stated in the firm's regulatory filing.

The company stated that project is expected to be completed within eight months. It shall execute a formal agreement within the due course.

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EBITDA margin contracted by 440 bps to 24.8%, compared with last year.