Rites Ltd. remains flat at Rs 204.14, having declined 1.16% over the last week.

RITES Limited announced an update to a major order secured for Project Management Consultancy Services for Railways Electrification of Bidar-Kalaburagi (Gulbarga) (110 RKM) from South Central Railway, initially disclosed on September 21, 2020. The revised project cost is Rs 154.65 Crore excluding GST (including RITES fees), up from the original cost of Rs 97.96 Crore excluding GST (including RITES fees), and will be executed on a cost-plus turnkey basis. The order, awarded by a domestic entity, falls under a transaction between Government and Government Company, and does not involve any related party interest.

Rites Ltd shares saw a trading volume of 4.67 lakh today, a surge of 77.7% compared to the average volume of the last one week. Rites Ltd dropped by 22.83% year-over-year, underperforming the NIFTY50 index's loss of 7.09%.