RITES Limited surges ~5% on clinching order worth Rs499.41 crore from BMRC

13 Oct 2022 , 01:25 PM

RITES Limited’s counter gained as much as 5% so far in Thursday’s trading session as the company announced a major order receipt from Bangalore Metro Rail Corporation Limited (BMRC).

The company informed that the consortium of RITES Limited has secured a new business order for the construction of a Depot cum Workshop from the BMRC. The estimated cost of the project is Rs499.41 crore.

RITES informed that its share in the order is 51%.

At around 1.22 PM, RITES was trading 5.23% higher at Rs362.20, against the previous close of Rs344.20 on NSE. The counter touched an intraday high and low of Rs364.80 and Rs345 respectively.

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