RITES announced that the Board of Directors of the Company at its meeting held on 6 November 2024, inter alia, have recommended the Second Interim dividend of Rs 1.75 per equity Share (i.e. 17.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Rites declined 27.85% to Rs 72.98 crore in the quarter ended September 2024 as against Rs 101.15 crore during the previous quarter ended September 2023. Sales declined 7.13% to Rs 540.86 crore in the quarter ended September 2024 as against Rs 582.36 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales540.86582.36 -7 OPM %19.6523.67 - PBDT126.22164.34 -23 PBT111.28150.28 -26 NP72.98101.15 -28 Powered by Capital Market - Live News

Rites consortium has received the Letter of Acceptance (LOA) on 05 November 2024 from Delhi Metro Rail Corporation (DMRC) for �Retrofit Work in RS-1 Trains of DMRC�. Rites share is Rs. 36.36 crore approx.excluding GST. Powered by Capital Market - Live News

RITES has informed that Shri Anjeev Kumar Jain the Executive Director (Finance) has been relieved from RITES Limited on 01.11.2024, afternoon to join as Director (Finance) of NBCC (India) Limited and thereby ceased to be among the Senior Management of the Company.Powered by Capital Market - Live News

RITES pursuant to emergence as Lowest Bidder (L-1) in tender floated by UP State Bridge Corporation Limited has received the Letter of Acceptance on October 28, 2024 from U.P. State Bridge Corporation Limited for Consultancy Services for Construction Supervision of Civil Works (CSC) for Supervision, Monitoring, Quality Control, and Work Zone Safety for Construction of Bridges, Rail Over/Under Bridges, Flyovers and Elevated Roads including approaches in several districts of Uttar Pradesh. The order is worth Rs.59.13 crore.Powered by Capital Market - Live News