Tuesday 29th November 2022

RITES declares interim dividend of 75% amounting to ₹7.5 per share

Mar 14th, 2022 9:48 pm | By | Category: LATEST NEWS


(THE NEWSMAN OF INDIA.COM)
Gurugram, March 14, 2022: The Board of Directors of RITES Ltd, (NSE: RITES, BSE:541556) a leading Infrastructure Consultancy and Engineering company, at its meeting held today, has declared the third interim dividend ₹7.5 per share on face value of ₹10 each amounting to ₹180 crore (at the rate of 75% of paid-up capital). The third interim dividend brings the company’s total dividend for FY22 so far, to ₹13.5 per share amounting to ₹324 crore (at the rate of 135% of paid-up capital). Standalone revenue of the company for the nine months of FY22 (9MFY22) has been ₹1896 crore and profit after tax has been ₹367 crore.The record date for the purpose of payment of dividend is March 25, 2022.

RITES Limited is a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. Company has an experience spanning 47 years and has undertaken projects in over 55 countries across Asia, Africa, Latin America, South America and Middle East region. RITES Limited is an export arm of Indian Railways for providing rolling stock overseas.

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