In the past 72 hours, three major companies have received orders. These orders could potentially have a significant impact on the company’s financial performance and market position. The details of these orders such as the nature of products or services are explained below.
Rites Ltd
RITES Limited is a public-sector firm and a market leader in transport consultation and engineering in India, with a wide range of services and a global presence. Apart from Thailand, Malaysia, and Indonesia, the firm is the sole export arm of Indian Railways that provides rolling stock overseas.
With a market capitalization of Rs 15,084.95 crore, on Saturday, the shares closed at Rs 627.75 per share, increased around 13.38 percent as compared to the previous closing Price of Rs 553.65 apiece.
According to the filing, The Company received a work order as a Project Management Consultancy (PMC) for the construction of various infrastructure works at IIT-Bhubaneswar to be undertaken under EPC mode III from IIT-Bhubaneswar worth Rs 414 crore.
Diamond Electricity Infrastructure Limited
Diamond Electricity Infrastructure Limited manufactures, transmits, and distributes electricity goods and services in India.
With a market capitalization of Rs 55.84 crore, on Saturday, the shares closed at Rs 207.05 per share, increased around 2 percent as compared to the previous closing Price of Rs 203.00 apiece.
According to the exchange filing, in the usual course of business, the Company obtained a letter of intent from Adani Green Energy Limited to provide different cables and conductors for its various projects in the amount of Rs 222.08 crores (with GST).
Mehai Technology Ltd
Mehai Technology Limited, which specializes in information technology (IT) and IT enabled Services (ITeS) solutions, is dedicated to providing cutting-edge technological solutions. The company works in two segments: electronic items and trading activities.
With a market capitalization of Rs 31.67 crore, on Saturday, the shares closed at Rs 29.57 per share, increased around 1.62 percent as compared to the previous closing Price of Rs 29.10 apiece.
According to the exchange filing, the company has recently received an order from the Public Health Engineering Directorate, Government of West Bengal, Alipore Division for the sinking of 02 Nos. 250mm x 150mm dia. 360 mtr. Deep Tubewell by Direct Rotary Rig Method using U.P.V.C Pipe.
Written by:- Abhishek Singh
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