RITES shares rocket 16% on Rs 175 crore consultancy order from Ambedkar University

RITES shares surged 16% after securing a Rs 175 crore project management consultancy order from Babasaheb Bhimrao Ambedkar University for campus infrastructure development. The company also recently inked an MoU with CONCOR to collaborate on logistics infrastructure projects, leveraging RITES’ expertise for planning, design, and execution. This follows a period of mixed stock performance, with recent gains after earlier declines.

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