Diabytes
RITES News
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IRSDC was incorporated as a Joint Venture IRCON and RLDA.
The Equity stake of IRCON and RLDA in IRSDC is in the ratio of 50:50.
RITES may make an official announcement regarding this in the next two weeks.
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The first proposed route of the ropeway would be Shivpur to Sigra and Lanka while the second route would be from Kuccheri to Lahurabir, Maidagin and Gudauliya.
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Railways consultancy firm RITES got listed on the bourse in July 2018 after it raised about Rs 466 crore through an initial public offering (IPO), which got subscribed 67 times.
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The Miniratna company announced this at its 44th Annual General Meeting.
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Government wants to raise at least Rs 500 crore from the listing of RITES alone.
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