RITES Stock Price up by More Than 6% After Company Gets New Order From African Railways

New Delhi, July 2, 2025 – RITES Ltd (NSE: RITES, BSE: 541556) surged 6.04% at 11:49 AM IST on Wednesday, hitting ₹295 on the NSE, after announcing two significant order wins from the African Rail Company and South Western Railway. The gains were supported by strong trading volumes and bullish sentiment around the company’s international and domestic business momentum.

Stock Snapshot (As of 9:19 AM IST, July 2)

Major Orders Fuel Investor Optimism

1. African Rail Company Deal – $3.6 Million Contract

• RITES has secured a purchase order from African Rail Company for the supply and commissioning of two fully overhauled ALCO Cape Gauge diesel-electric locomotives.
• The locomotives will be deployed across three African nations: Zimbabwe, Mozambique, and Botswana.
• The total contract is valued at USD 3.6 million, which is approximately ₹30 crore in Indian currency.
• The project’s execution timeline is set at nine months from the date of the order.
• The scope of the order includes a comprehensive overhaul with the integration of new bogies, upgraded traction motors, and modern control systems.
• RITES will also provide warranty support along with the deployment of a dedicated technical team for on-ground assistance and commissioning.

2. Tumakuru Station Redevelopment – ₹37.81 Crore Order

• RITES-Aryan JV has received a Letter of Acceptance (LOA) from South Western Railway for a domestic infrastructure project in Karnataka.
• The project involves the engineering, procurement, and construction (EPC) of Tumakuru Railway Station.
• The total order value stands at ₹37.81 crore, excluding applicable GST.
• The project is scheduled to be completed within a 540-day execution timeline.
• The scope of work includes comprehensive civil works, signal and telecommunication systems, and electrical general services for station development.

RITES Stock Performance

As of 11:47 AM IST, RITES shares gained 6.04% trading at ₹295.90 on July 2, 2025. RITES shares dipped 15% in the last year, gained 0.24% in the year-to-date, and gained 5.94% in the previous month.

About RITES Limited

RITES Ltd, a Mini Ratna (Category-I) Schedule ‘A’ Public Sector Enterprise, operates under the Ministry of Railways. The company specializes in transport infrastructure consultancy and engineering. It was listed on Indian exchanges on July 2, 2018, and is a constituent of the NIFTY 500 index. Its core competencies include railways, highways, airports, and ports.

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