Sensex

up-green-arrow

Nifty

up-green-arrow

USDINR

down-red-arrow

GBPINR

down-red-arrow

EURINR

down-red-arrow

Hot Pursuit

Scrips, which has significant changes during the market hours.

 
Rites, Oil India tie up to develop Duliajan Township as mini smart city
08-Dec-23 15:31Hrs IST

As part of the MoU, Rites will undertake an extensive study, review the existing system and prepare a suitable or feasible design to develop Duliajan Township, managed and operated by Oil India, as a mini smart city.

The said collaboration, aimed at reviving the township, entails infrastructure works such as review of existing drainage system and design, DPR for integration of solid waste management system, review of road & traffic network and plan for parking facilities. Besides, the company will offer its expertise for buildings, horticulture and beautification works.

Oil India is a state-owned Maharatna under the administrative control of India's Ministry of Petroleum and Natural Gas. As of 30 June 2023, the Government of India held 56.66% stake in the company.

Rites, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 30 September 2023, the Government of India held 72.20% stake in the company.

Shares of Rites declined 1.70% to Rs 476.05 while those of Oil India rose 1.17% to Rs 320 on the BSE.

Powered by Capital Market - Live News

Attention Investor :

"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

A Muthoot M George Enterprise