RITES Ltd bags LoA from UP Government for infrastructure construction of worth Rs 59 crores
Navratna PSU is engaged in providing a comprehensive range of services from concept to commissioning in the field of transport, infrastructure, and related technologies.
RITES Ltd bags LoA from UP Government for infrastructure construction of worth Rs 59 crores
Rites Ltd a Navratna CPSE under the Ministry of Railways has received a Letter of Acceptance from the U.P. State Bridge Corporation Limited for a consideration of Rs. 59.13 Crores.
Navratna PSU is engaged in providing a comprehensive range of services from concept to commissioning in the field of transport, infrastructure, and related technologies. Meanwhile, the shares of the company boosted by over 4 percent in the day’s trade upon receiving an LOA worth Rs. 59 Crores.
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The respective work order is for the Consultancy Services for Construction Supervision of Civil Works (CSC) for supervision, Monitoring, Quality Control, and Work Zone Safety for the Construction of Bridges, Rail Over/Under Bridges, Flyovers, and Elevated Roads including approaches in several districts of Uttar Pradesh and it is to be executed within 36 months.
Shares of the PSU Company are trading above 2.21% at Rs 291.70 per share.
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