Shares of RITES Fall 3% After A Contract Foreclosure with UPSBCL
Due to misunderstandings, RITES and UPSBCL mutually ended their consulting relationship; RITES was unaffected. The consulting agreement between RITES Limited and U.P. State Bridge Corporation Limited (UPSBCL) has been mutually foreclosed. On October 28, 2024, RITES Limited notified the exchanges that it had previously obtained a Letter of Acceptance for consulting services from U.P. State…