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News Entry# 553322
May 23 (09:24) RITES Secures Major Order from Bangladesh, Stock Surges 4%
Entry# 6073302   
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200 पैसेंजर कोच बनाएगी यह कंपनी, ऑर्डर मिलते ही शेयर पर टूटे निवेशक

RITES, a railway-related company in India, secured a large order from Bangladesh to supply 200 passenger coaches. This news propelled the RITES stock price up by 4% on Tuesday, reaching ₹756.90. The company previously supplied 120 passenger coaches, 36 locomotives, and 10 10-meter gauge locomotives to Bangladesh Railways. The new order,...
more...
valued at ₹915 crores, was funded by the European Investment Bank (EIB) and awarded through a global competitive bidding process. RITES will also provide expertise in design, spare parts support, and training, in addition to supply. The contract includes a 36-month commissioning period followed by a 24-month warranty period. The Indian government holds a 72.20% stake in RITES, while public shareholders own 27.80% of the company.

RITES, ek railway company hai jisko Bangladesh se bada order mila hai, 200 passenger coaches supply karne ka. Is khabar se RITES ka share price Tuesday ko 4% badh gaya, aur ₹756.90 tak pahunch gaya. Company ne pehle bhi Bangladesh Railways ko 120 passenger coaches, 36 locomotives, aur 10 10-meter gauge...
more...
locomotives supply kiye the. Yeh new order, ₹915 crore ka hai, European Investment Bank (EIB) se fund kiya gaya hai, aur global competitive bidding process se mila hai. RITES, supply ke alawa, design, spare parts support, aur training mein bhi apna expertise dega. Contract mein 36 months ka commissioning period hai, uske baad 24 months ki warranty period hai. Indian government RITES mein 72.20% stake rakhta hai, aur public shareholders 27.80% rakhte hain.
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