RITES shares up 5% after two work orders from Indian Railways & GMRC

New Delhi: RITES Limited, a government-owned transport infrastructure consultancy and engineering company, on Monday announced that it has secured two major work orders amounting to Rs 93.18 crore from Indian Railways and Gujarat Metro Rail Corporation (GMRC).

During the regulatory filing to the stock exchanges, RITES informed that it has bagged a turnkey order of signalling works from the Ministry of Railways amounting to Rs 67.18 crores. And the second-order worth Rs 26 crores from GMRC is for the extension of general consultancy work for the Nagpur Metro Rail project and GEC positions.

RITES Limited has secured major orders amounting to Rs 93.18 crore from Indian Railways and Gujarat Metro Rail Corporation (GMRC)

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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).

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