Rites announced that Public Works Roads Department (PWRD), Government of Assam has given the Letter of Acceptance for Consultancy Services for Third Party Monitoring & Quality Control for 47 Roads (Length 996.70 km) across Assam under Asom Mala 2.0 for the year 2023-24. The value of the contract is Rs 50.18 crore. Powered by Capital Market - Live News

Rites announced that Karnataka Mining Environment Restoration Corporation has given the Letter of Award for total Project Management Consultancy services for Construction of Railway PFT`s at Dharmapura and Susheel Nagar in Bellary District under CEPMIZ reg. The value of the contract is Rs 26.79 crore. Powered by Capital Market - Live News

RITES has signed a Memorandum of Understanding (MoU) with Eastern Railway`s Andal Diesel Shed, Asansol Division, West Bengal. This MoU sets up a framework for collaboration on major schedule repair and maintenance of Diesel-Electric Locomotives owned by RITES and other clients at the Andal Diesel Shed facility. The partnership aims at streamlining the repair and maintenance process for diesel locomotives. As part of this collaboration, RITES will secure or identify business opportunities for higher schedule repairs, while the Andal Diesel Shed will execute the maintenance work. Powered by Capital Market - Live News

Rites has received a letter of award from Tata Steel for loco hiring along with operations and maintenance for a consideration of Rs 39.63 crore. Powered by Capital Market - Live News

RITES announced that the Board of Directors of the Company at its meeting held on 28 May 2024, has recommended a Final dividend of Rs.5 per share (i.e.50%), subject to the approval of the shareholders.Powered by Capital Market - Live News