Tag: Railway Board Tender

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  RITES Emerges as Lowest Bidder for Railway Board Tender: Company Shares Surge

  In a remarkable stride forward, RITES Limited has emerged as the lowest bidder (L-1) in a Railway Board tender, seizing a substantial contract worth approximately Rs 65.4 Crore. This achievement has not only propelled RITES' share prices by 0.20% to Rs 474.60 per share but also underscored its competence and competitive edge in the industry. As a leader in India's infrastructure transport consultancy and engineering landscape, RITES continues to extend its reach through strategic collaborations. A recent memorandum of understanding (MoU) with NHPC Limited signifies RITES' commitment to enhancing rail infrastructure facilities and logistics, further solidifying its position as a key player in the realm of transportation and engineering.