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The latest announcement is out from RITES Ltd. ( (IN:RITES) ).
RITES Limited has secured a significant work order from Damodar Valley Corporation for the maintenance and operation of railway sidings and associated systems at the Mejia Thermal Power Station. This contract, valued at over Rs. 36 crore, is expected to be executed over a period of 730 days, marking a substantial addition to RITES’ domestic project portfolio and potentially enhancing its market positioning in the infrastructure sector.
More about RITES Ltd.
RITES Limited operates in the engineering consultancy sector, primarily focusing on transport infrastructure. The company offers services such as project management, quality assurance, and construction supervision, catering to both domestic and international markets.
Average Trading Volume: 118,540
Technical Sentiment Signal: Sell
Current Market Cap: 121B INR
For an in-depth examination of RITES stock, go to TipRanks’ Overview page.