RITES Bags ₹25.3 Crore Contract from NTPC Mouda Super Thermal Power Project; Share Price Surges Over 3%

RITES Limited has informed the exchanges that it has received a Letter of Award worth ₹25.30 crore from NTPC Limited. The contract is for the MGR Mega Contract, covering S&T maintenance, track maintenance, MGR operations, and DU handling at NTPC’s Mouda Super Thermal Power Project.

Contract Scope and Timeline

The agreement is structured as a biennial contract with a duration of 24 months. RITES confirmed that the order is valued at ₹25.30 crore exclusive of GST. The project is classified as a domestic contract, awarded by NTPC, and does not fall under related party transactions. The promoter or promoter group of RITES has no interest in the awarding entity, as per the filing.

About RITES

RITES is a Schedule ‘A’ public sector enterprise under the Ministry of Railways. It operates as a consultancy and engineering firm with a focus on the transport sector. The company provides services across infrastructure, operations, and consultancy, with operations extending across India and abroad.

Read more: RITES Q1FY26 Results: Posted Growth in Revenue and PAT!

About NTPC

NTPC Limited is primarily engaged in the generation and sale of bulk power to state utilities. The company also operates in project management, consultancy, energy trading, coal mining, and oil and gas exploration. The Mouda Super Thermal Power Project is one of its large-scale thermal plants located in Maharashtra.

RITES and NTPC Share Price Performance

As of September 1, 2025, 11:13 AM, RITES share price was trading at ₹252.66, a 3.57% from the previous closing price.

At the same time, NTPC share price stood at ₹330.95, a 1.05% increase from the previous close price.

Conclusion

The latest order adds to RITES’ ongoing contracts in the transport and infrastructure space. Execution is expected to span two years, with the project linked to NTPC’s operations at the Mouda facility.

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