RITES Surges 2.89% After Securing USD 18 Million Locomotive Order in South Africa

New Delhi, September 26, 2025: RITES Limited share price is on the rise today, on September 26. As of 11:15 AM, the shares are up by 2.89%, or 7.29 points, and are currently trading at ₹259.59. Until now, the shares have traded within a range of ₹270 and ₹258.28. The traded volume stands at 2.33 crore, with the company’s market cap at ₹12,126 crore. The shares have their 52-week range between ₹192.40 – ₹370.55.

RITES Limited is a Miniratna company which operates under the Ministry of Railways. It operates as a consultancy and engineering company. It mainly provides its services to sectors such as transport, infrastructure, etc. The company was established in 1974, and is headquartered in New Delhi. The shares of the company are listed on NSE with the ticker symbol RITES and on BSE with the code 541556. The company is a part of the Nifty Smallcap 250 Index.

Key Trigger: USD 18 Million Locomotive Order in South Africa

The shares are on the rise as the company announced that it has secured a major international order win worth USD 18 million. The company received a Letter of Award from Talis Logistics, South Africa for the said order. The order is regarding the supply and commissioning of overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives. The execution timeline is set at 6-8 months from the receipt of advance. The company confirmed that the contract is not a related-party transaction, and no promoter or group entity has any interest in the awarding company.

REF: https://nsearchives.nseindia.com/corporate/RITES_25092025194726_Major_Order_Intimation_signed.pdf

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