RITES Shares Jump 6.5% After Winning ₹25.3 Crore NTPC Contract

New Delhi, September 1, 2025 – Shares of RITES Limited (NSE: RITES, BSE: 541556) surged 4.16% to ₹254.10 in Monday’s session after the company announced that it has secured a ₹25.30 crore order from NTPC Limited for its Mouda Super Thermal Power Project.

RITES Limited, a Schedule ‘A’ Mini Ratna PSU, is a leading engineering consultancy company specializing in transport infrastructure. It has been listed on NSE and BSE since July 2018 and is part of the NIFTY Smallcap 250 index.

Market Snapshot (as of 12:36 PM IST)

Rites shares closed at ₹ 259.80, representing a 6.51% gain as of September 1, 2025. Rites shares have declined 20% over the last year, gained 30% in the last six months, and are up 3.7% in the last five days.

Rites Ltd opened the session at ₹247 and traded between a low of ₹245.85 and a high of ₹260 during the day. The company currently commands a market capitalization of about ₹12,420 crore. Over the past year, the stock has touched a 52-week high of ₹384 and a low of ₹192.40. At present levels, it is valued at a P/E ratio of 35.74. Investors also benefit from a dividend yield of 2.91%, with a quarterly dividend payout of ₹1.89 per share.

NTPC Contract Details

RITES announced on August 29 that it has secured a Letter of Award from NTPC Limited for a biennial MGR mega contract. The scope of work includes signal and telecommunication (S&T) maintenance, track maintenance, MGR operations, and DU handling at NTPC’s Mouda Super Thermal Power Project. The contract, valued at ₹25.30 crore (excluding GST), will be executed over a period of 24 months. The company also clarified that the order does not fall under any related party transaction.

REF: https://nsearchives.nseindia.com/corporate/RITES_29082025190122_intimation.pdf

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