PSU Stock in focus; RITES Ltd signs MoU with NUPPL for maintaining railway siding
The cost of the project is Rs 120.13 crore for five years.
PSU Stock in focus; RITES Ltd signs MoU with NUPPL for maintaining railway siding
Transport Infrastructure-based PSU, RITES Ltd has entered into a Memorandum of Understanding (MoU) with Neyveli Uttar Pradesh Power Limited (NUPPL) for “Comprehensive Operation & Maintenance of NUPPL/GTPP Railway Siding”.
According to the filing, Neyveli Uttar Pradesh Power Limited (NUPPL) a joint venture of Neyveli Lignite Corporation India Limited (Govt. of India Enterprise) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (Government of Uttar Pradesh Enterprise) has awarded the contract for Comprehensive Operation & Maintenance of NUPPL/GTPP Railway Siding.
The cost of the project is Rs 120.13 crore for five years.
Shares of the company are trading lower by over 4% at Rs 205.15. The dividend yield is at 3.61% with the market capitalization at Rs 9.93K crore.
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