Browsing tag: Transport Consultancy

RITES Limited IPO – Analysis, Update


Update “Secures New Order”   Rail India Technical and Economic Service Limited (RITES Ltd) - a wholly owned subsidiary of the Indian Railways, today in its regulatory filing has said that the company has secured a new business order for “Construction of Depot cum Workshop” worth of INR 499.41 Cr from Bangalore Metro Rail Corporation Limited (BMRCL) The share of RITES Limited in the order is 51%. RITES LTD is currently trading at INR 372 (UP 8%) with a volume of 38,65,458 shares on the