RITES bags USD 81 mln contract from Zimbabwe railways
By ANI | Published: June 16, 2023 04:49 PM2023-06-16T16:49:54+5:302023-06-16T16:50:03+5:30
New Delhi [India], June 16 : RITES has signed contracts with railways in Zimbabwe (National Railways of Zimbabwe) for ...
RITES bags USD 81 mln contract from Zimbabwe railways
New Delhi [India], June 16 : RITES has signed contracts with railways in Zimbabwe (National Railways of Zimbabwe) for the supply of rolling stock.
The contract size is a little over USD 81 million, RITES informed stock exchanges on Friday.
"However, the Contract Agreements are subject to the approval of funding by the funding agency," it added.
Reacting to the news, its shares rose four per cent at Rs 393.50.
RITES, a state-owned company, is into the transport consultancy and engineering sector railways, highways, urban engineering (metros), airports, ports, and ropeways, among others.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor
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