RITES Secures Order Worth $18 Million from Talis Logistics in South Africa; Share Price Surges 2%

RITES Limited, a leading transport infrastructure consultancy and engineering company, has announced the receipt of a major international order from Talis Logistics, South Africa. The contract pertains to the supply and commissioning of overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives, highlighting the company’s expanding global footprint.

Key Details of the Contract

The order, valued at $18 million (CIF), was awarded by Talis Logistics, South Africa. As per the agreement, RITES will supply and commission overhauled Cape Gauge ALCO Diesel Electric Locomotives, with delivery scheduled to be completed within 6 to 8 months following the receipt of advance payment. 

Notably, this contract has been confirmed as not falling under related party transactions, and no promoter group or associated companies hold any interest in the awarding entity.

Strategic Significance for RITES

This order reinforces RITES’ growing presence in international markets and underlines its capability to deliver specialised railway solutions globally. With the execution of this project, RITES continues to demonstrate its technical expertise and strong reputation in railway engineering. Ashok Mishra, Company Secretary and Compliance Officer of RITES, officially communicated the development, marking it as a significant milestone for the organisation.

Read More: RITES Secures ₹78.65 Crore Rate Contract from NTPC for Diesel Locomotives; Boosts Order Book!

RITES Share Price Performance

As of September 26, 2025, at 12:25 PM, RITES share price is trading at ₹257.53 per share, reflecting a surge of 2.07% from the previous day's closing price.   

Conclusion

The new order from Talis Logistics not only strengthens RITES’ international portfolio but also positions the company as a trusted partner in delivering advanced railway solutions worldwide. This development reflects the company’s consistent growth trajectory and commitment to excellence.

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