RITES Limited’s share price surged 4.54% to ₹222.46 at 10:00 AM on the NSE, opening at ₹215 and hitting an intraday high of ₹225. Today’s rise extends a three-session gaining streak, of over 7%.
In a significant development for India’s railway infrastructure, RITES Ltd., a leading engineering consultancy firm, has secured a ₹27.96 crore contract from South Central Railway.
The project involves conducting a Final Location Survey (FLS) using advanced Airborne and Terrestrial LiDAR technology for the High-Speed Elevated Rail Corridor connecting Hyderabad to Bengaluru and Hyderabad to Chennai.
The Hyderabad-Bengaluru and Hyderabad-Chennai corridors are expected to reduce travel time, enhance economic growth, and contribute to sustainable urban development.
The awarded contract requires RITES to carry out comprehensive planning and survey activities, including:
The contract is set to be completed within an 8-month timeframe, showcasing RITES’ efficiency and expertise in executing large-scale railway projects. The use of modern survey techniques like LiDAR technology will ensure precision and accuracy, optimising the project’s feasibility and design.
RITES’ involvement in this ambitious project reinforces its position as a trusted partner in India’s railway modernisation efforts. The use of cutting-edge survey technologies will pave the way for efficient project execution and enhanced passenger experience. With such initiatives, India moves one step closer to achieving a world-class high-speed rail network.
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Published on: Mar 7, 2025, 10:15 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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