RITES secures order worth $3.20 million in South America; Stock rises

16 May 2022 , 11:12 AM

RITES Limited has informed to the exchanges that it has secured a consultancy & supervision work.

As per the regulatory filing, the work order is for Construction of the East Bank-East Coast Road Linkage Project (Ogle to Eccles (Haags Bosch)) – Phase-1 from the Ministry of Public Works, Guyana for a fee of USD 3,204,420 (USD Three Million, Two Hundred and Four Thousand, Four Hundred and Twenty).

At around 11:11 AM, Rites was trading at Rs246.70 per piece higher by 0.20% from its previous closing of Rs246.20 per piece on the BSE.

The scrip opened at Rs248.05 and has touched a high and low of Rs250.35 and Rs245.05 respectively so far today. The current market cap of the company is Rs5,916.23cr.