Page 2 - Rites
Centre sets up three-member panel to resolve dispute between SAIL, Railways
During the last financial year, SAIL supplied around 985,000 tonnes of rail worth Rs 5,900 crore
 "Centre sets up three-member panel to resolve dispute between SAIL, Railways")
At Rs 562 crore, RITES registers 42.6% rise in revenue in Q3 FY19
RITES is an engineering consultancy company under the aegis of the Indian Railways
 "At Rs 562 crore, RITES registers 42.6% rise in revenue in Q3 FY19")
RITES hits new high; zooms 70% against issue price
In past one month, shares of RITES have rallied 61% against 4% rise in the S&P BSE Sensex.
 "RITES hits new high; zooms 70% against issue price")
RITES records highest-ever revenue at Rs 16.6 bn, net increases 7.8%
The increase in profit was achieved even after absorbing the full-year pay revision impact and as against a higher base in FY17 due to the sale of non-current investment
RITES hits new high on export order win worth Rs 5,670 million
Shares of RITES hit a new high of Rs 284, up 7% on the BSE, extending its Friday's 19% surge, after the company said it secured the export order of $82.63 million (approx Rs 5,670 million).
 "RITES hits new high on export order win worth Rs 5,670 million")
RITES hits highest level since listing; stock zooms 20%
The stock rallied 20% to Rs 267, surging 38% in past one week from Rs 194 on the BSE.
 "RITES hits highest level since listing; stock zooms 20%")
RITES closes at Rs 211 levels on the NSE after listing at Rs 190
It had hit a high and low of Rs 205.75 and Rs 190 respectively, till now
Investors will know we are here for 44 yrs, like an Indian MNC: RITES CMD
IPOs increase the visibility of the company, investors were otherwise not looking at infrastructure companies like us, says Rajeev Mehrotra, RITES Chairman and Managing Director
Govt to divest 12.72% in RITES next month; plans to mop up Rs 4-4.5 billion
Govt will announce price band in a week
RITES stake sale on course; price band likely to be decided today
The government plans to divest at least 12.72% in RITES to raise Rs 4-4.5 billion
 "RITES stake sale on course; price band likely to be decided today")
RITES may get into station development by acquiring 25% stake in IRSDC
RITES is strategically important to the railways because it has operations in 55 countries of the world
 "RITES may get into station development by acquiring 25% stake in IRSDC")
Rites moots rail corridor to boost coastal coal shipping
Project to cost Rs 3,298 crore
 "Rites moots rail corridor to boost coastal coal shipping")
