Railway Inventory Information: A PSU railway agency has obtained an order from African Rail Firm for provide of two absolutely overhauled ALCO locomotives for deployment in Zimbabwe, Mozambique and Botswana. As per the alternate submitting, the dimensions of the contract is 3.6 million USD (CIF). The railway firm goals to execute the contract/order inside 9 months. This railway firm is none aside from RITES Restricted.
RITES Share Value
Shares of RITES Restricted closed in pink right this moment (Friday, July 4). The inventory fell 0.65 per cent and closed at Rs 284 apiece. In line with the NSE, this railway inventory has a complete market cap of Rs 13,649.15 crore.
RITES Obtained Order
In an alternate submitting, the corporate mentioned, “Provide and commissioning of the overhauled in-service Cape Gauge ALCO Diesel Electrical Locomotives fitted with new Cape Gauge Bogies, Traction Motors, Management System, Air braked, and so on. overhauled at nominated facility and guarantee assist with the deputation of RITES technical staff.”
RITES Share Value Historical past
RITES Ltd is a part of the BSE 500. In line with the BSE analytics (as of July 4), shares of RITES Restricted gave a optimistic return of 1.75 per cent and 4.40 per cent within the final 1 week and a pair of weeks, respectively. Within the final 1 yr, the railway inventory fell 23.73 per cent. Nevertheless, up to now 2 years, 3 years, and 5 years, shares of the corporate gained 55.05 per cent, 138.49 per cent, and 117.10 per cent, respectively.
RITES Dividend Historical past
RITES Restricted paid dividend of Rs 1.90 in January. Final yr, the corporate paid dividends of Rs 4.75 in February, Rs 2.50 in August, Rs 5 in September, and Rs 1.75 in November.
RITES Bonus Historical past
RITES Ltd issued bonuses within the ratio of 1:4 in 2019 and 1:1 in 2024 for the shareholders.
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