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RITES News

Indian Railways

20 Jul 2020

Railway consultancy firm RITES is likely to pick up 24% stake in IRSDC

IRSDC was incorporated as a Joint Venture IRCON and RLDA. The Equity stake of IRCON and RLDA in IRSDC is in the ratio of 50:50. RITES may make an official announcement regarding this in the next two weeks.

12 Jun 2019

Varanasi on road to become a smart city, to have ropeways

The first proposed route of the ropeway would be Shivpur to Sigra and Lanka while the second route would be from Kuccheri to Lahurabir, Maidagin and Gudauliya.

15 May 2019

Govt plans to sell 15% in RITES via OFS; to fetch about Rs 700 cr

Railways consultancy firm RITES got listed on the bourse in July 2018 after it raised about Rs 466 crore through an initial public offering (IPO), which got subscribed 67 times.

21 Sep 2018

RITES shareholders approve 20% final dividend for FY 18

The Miniratna company announced this at its 44th Annual General Meeting.

03 Jan 2018

Railways disinvestment: RITES may be the first one to get listed during the current fiscal

Government wants to raise at least Rs 500 crore from the listing of RITES alone.

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