RITES declares the 2nd interim dividend of 40%, or 4 rupees per share. Starting of shipments to Sri Lanka and Mozambique
The Board of Administrators of RITES Ltd, (NSE: RITES, BSE: 541556), a number one infrastructure consulting and engineering agency, declared at its assembly at this time a second interim dividend of 4 rupees per share on the share with a par worth of 10 rupees. every (on the price of 40% of the paid-up capital).
The second interim dividend brings the corporate’s whole dividend for FY21 thus far, to Rs.9 per share amounting to Rs.216.27 crore. The registration date for the fee of the dividend is March 20, 2021.
The corporate’s own-source earnings for the 9 months of FY21 was Rs. 1315 crore and after-tax revenue was Rs. 290 crore.
The corporate began export shipments to Sri Lanka and Mozambique. The ten state-of-the-art rail coaches have been efficiently delivered to Sri Lanka and the primary cargo of two 3000 HP AC-AC Cape Gauge locomotives has been reported in Mozambique.
Commenting on export shipments, Mr. Rajeev Mehrotra, President and CEO of RITES Ltd, mentioned: “For exports, new product strains within the railways are a approach ahead and these merchandise display the capabilities of “design, manufacture and export” from India. We hope that the Cape Gauge locomotive provide challenge in Mozambique will open up extra export alternatives for us in new markets. “