Hot Pursuit     15-Jun-24
RITES inks MoU with DVC for rail infra works
RITES announced that it has signed memorandum of Understanding (MoU) with Damodar Valley Corporation (DVC), for innovation in rail infra works.
The scope of the MoU includes comprehensive maintenance and operational management of railway sidings, signalling and telecommunication (S&T) systems, and 25KV Overhead Electrification (OHE) isolators across DVC’s private railway network in West Bengal and Jharkhand.

RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31 March 2024, the Government of India held 72.20% stake in the company.

The company has reported 4.48% fall in consolidated net profit to Rs 126.10 crore on a 6.34% decline in revenue to Rs 643.25 crore in Q4 FY24 over Q4 FY23.

The scrip rose 3.74% to end at Rs 705.30 on Friday 15 June 2024.

Previous News
  Rites signs MoU with IIT, Mandi
 ( Corporate News - 10-Feb-24   10:57 )
  RITES hits life high on bagging infra order for Rs 414 cr
 ( Hot Pursuit - 20-Jan-24   15:11 )
  RITES to conduct board meeting
 ( Corporate News - 18-Jul-23   10:06 )
  Rites wins new order worth Rs 77 cr
 ( Corporate News - 24-Mar-23   16:45 )
  Rites fixes record date for first interim dividend
 ( Market Beat - Reports 27-Jul-22   09:06 )
  RITES soars on emerging as lowest bidder for Rs 500-cr contract in Mozambique
 ( Hot Pursuit - 24-Jul-23   12:47 )
  Board of RITES recommends Second Interim dividend
 ( Corporate News - 01-Nov-23   10:53 )
  Rites successfully bids for 2 tenders of CFM, Mozambique
 ( Corporate News - 24-Jul-23   12:30 )
  Volumes jump at CEAT Ltd counter
 ( Hot Pursuit - 20-Jan-24   14:30 )
  RITES fixes record date for Interim Dividend
 ( Market Beat - Reports 15-Mar-22   10:54 )
  RITES to hold board meeting
 ( Corporate News - 21-Jul-22   14:20 )
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