RITES shares surges 2.89%, secures order from IIM Raipur worth Rs 148.25 crore
The cost of the project is Rs. 148.25 Crore excluding GST (including PMC Fee).
RITES shares surges 2.89%, secures order from IIM Raipur worth Rs 148.25 crore
Engineering consultancy firm, RITES has been appointed as Project Management Consultant (PMC) for Execution, Supervision, Monitoring & Development of the Phase II Campus of Indian Institute of Management Raipur (Chhattisgarh) Project on cost plus basis from the Indian Institute of Management Raipur (IIM Raipur).
The cost of the project is Rs. 148.25 Crore excluding GST (including PMC Fee).
The Nature of the order is the Appointment of a Project Management Consultant (PMC) for Execution, Supervision, Monitoring & Development of the Phase II Campus of the Indian Institute of Management Raipur (Chhattisgarh) Project on a cost-plus basis.
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The state-run company has secured over 90 orders in Q2 and the shares of RITES have added over 18% gains, so far this year, outperforming the broader index Nifty 50's rise of 13% in the same period.
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