RITES has been awarded work for �Consultancy Services for Preparation of Detailed Project Report (DPR) and Construction Supervision of all Infrastructure works of Meerut Development Authority for next five years�. The contract is valued at Rs 122.60 crore. Powered by Capital Market - Live News

Rites has received work for Project Implementation Services for the Construction of Integrated Check Post (ICP) from Ministry of External Affairs, Govt. of India. The value of the order is Rs 297.67 crore. Powered by Capital Market - Live News

Rites has revised estimates for the order from Northeast Frontier Railway entailing railway electrification work of LMG-BPB Section of Lumding Division, N.F Railway on turnkey Basis. The revised cost of the project is Rs 531.77 crore (original cost Rs 288.44 crore). Powered by Capital Market - Live News

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