PSU Watch logo

| Opening up coal sector not a challenge to Coal India: Coal India Chairman |   | NBCC, RINL sign MoU for redevelopment & monetisation of land parcels in Visakhapatnam |   | IEX electricity market sees 50% y-o-y growth in Feb |   | RailTel bags an advance purchase order of Rs 25.46 crore from BSNL |   | RailTel launches prepaid wi-fi at 4,000 railway stations, read details |   | Bombay HC suspends tender for privatisation of Dadra & Nagar Haveli, Daman & Diu discoms |  

RITES declares interim dividend of Rs 120.15 crore for FY2020-21

RITES Limited declared an interim dividend of Rs 5 per share on face value of Rs 10 each amounting to Rs 120.15 crore for the FY 2020-21 

RITES declares interim dividend of Rs 120.15 crore for FY2020-21
RITES declares interim dividend of Rs 120.15 crore for FY2020-21

New Delhi: RITES Limited announced an interim dividend for financial year FY2020-21 on Wednesday. At a meeting, the board of directors of RITES Limited declared an interim dividend of Rs 5 per share on face value of Rs 10 each, amounting to Rs 120.15 crore (at the rate of 50 percent of paid-up capital), the company informed the stock exchanges in a regulatory filing.

Further, the board of directors have also fixed January 11, 2021, as the record date for the purpose of payment of dividend. Standalone revenue of the company for the first half of FY2020-21 has been Rs 852 crore and profit after tax has been Rs 191 crore.

RITES Limited

RITES Limited is a Miniratna PSU under the Ministry of Railways. It is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company has experience spanning 46 years and has undertaken projects in over 55 countries, including Asia, Africa, Latin America, South America and Middle East regions. RITES Limited is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).

(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)