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The Economic Times
The Economic Times
Surbhi Khanna

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

RITES Concor

Shares of RITES rallied as much as 16% on Wednesday to its day’s high of Rs 237.05 on the BSE on Wednesday post receiving Rs 175 crore project management consultancy order from Babasaheb Bhimrao Ambedkar University (BBAU).

According to a filing with the exchange, the order covers planning, design and development of infrastructural facilities and other related works in the campus of Babasaheb Bhimrao Ambedkar University (BBAU) and the order is on cost plus PMC Fee basis.

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