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Jupiter Wagons to invest Rs 1,500 crore over two years to upgrade wagon manufacturing and wheel plants

Jupiter Wagon is looking to diversify from its core wagon manufacturing business and increase revenue from other verticals. The company also expects to launch its first one-tonne electric light commercial vehicle by July this year.

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Rites Ltd jumps 2% on receiving order from National Railways of Zimbabwe for supply of rolling stock

Rites Ltd stock has given a return of 6.96 percent over the last six months. Over the same duration the benchmark Nifty50 index has given a return of 2.74 percent.

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RITES Signs Contract Agreements With National Railways Of Zimbabwe For Supply Of Rolling Stock Worth $81 Million

However, the agreement is subject to approval of funding by the funding agency.

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Rites Shares Gain After Company Bags $81 Million Order From National Railways Of Zimbabwe

During the March quarter, RITES secured more than 70 orders, including the extension of works, to the tune of Rs 775 crore, thereby maintaining a healthy order book of Rs 5,870 crore as of March 2023.

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RITES signs Contract Agreements with National Railways of Zimbabwe for Supply of Rolling Stock

RITES signs Contract Agreements with National Railways of Zimbabwe for Supply of Rolling Stock
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