New Delhi, March 7 -- RITES share price jumped over 5% in early trade on Friday after the company announced the receipt of a Letter of Acceptance (LoA) for a project worth Rs.27.96 crore. The PSU railway stock rallied as much as 5.6% to Rs.224.80 apiece on the BSE.

State-run RITES said it received an LoA from South Central Railway for a project worth Rs.27.96 crore, excluding GST.

"...RITES has received Letter of Acceptance for Carrying out Final Location Survey involving Preparation of DPR, Final Alignment Design, Traffic Survey Report, ROR calculations, Detailed Estimate and Preparation of EPC documents for High Speed Elevated Rail Corridor between Hyderabad- Benguluru and Hyderabad-Chennai using Modern Survey Techniques e.g. Airborne...