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 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).
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