RITES Share Price Surges Over 5% on Securing 2 Major Orders

On July 1, 2025, RITES Limited, a Schedule ‘A’ Government of India enterprise, informed the stock exchanges about two significant developments. The company has secured a key infrastructure order from South Western Railway in India and a separate international contract from the African Rail Company. Both orders are expected to enhance RITES’ role in transport infrastructure and reflect its growing credibility at home and abroad.

Contract from South Western Railway

RITES-Aarvee JV has been awarded a Letter of Acceptance by South Western Railway for the Tumakuru Station Redevelopment Project. The scope of work includes engineering, procurement, and construction for civil works, signal and telecommunication systems, and electrical general services.

The contract, awarded by a domestic entity, is to be executed within 540 days from the appointed date. The total value of the order stands at ₹37.81 crore, including GST. The transaction is between the Government and the Government Company. The official disclosure was signed by Ashok Mishra, Company Secretary and Compliance Officer, who stated, “The transaction is between Government and Government Company.”

African Rail Contract for Overhauled Locomotives

RITES has also received an international purchase order from the African Rail Company for the supply and commissioning of overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives. These locomotives will be upgraded with new Cape Gauge Bogies, Traction Motors, Control System, and Air Brakes. The order also includes warranty support and the deployment of RITES technical staff.

The contract is international in nature and will be executed over a 9-month period. It is valued at $3.6 million (CIF). The project covers operations across Zimbabwe, Mozambique, and Botswana. The company confirmed in the filing that it is “Not a Related Party Transaction.”

Read More: Best Railway Stocks for July 2025: Jupiter Wagons, Titagarh Rail, BEML and More - Based on 5-Year CAGR!

RITES Share Price Performance

As of July 2, 2025, 12:30 PM, RITES share price is trading at ₹296.10 per share, reflecting a surge of 6.11%. Over the past month, the stock has surged by 6.02%.

The stock's 52-week high stands at ₹398.45 per share, while its low is ₹192.40 per share.

Conclusion

These back-to-back wins position RITES as a leading player in both Indian and international rail infrastructure. By securing contracts from trusted government and foreign entities, RITES continues to demonstrate its capability in executing critical and large-scale transportation projects with high technical standards.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.