RITES Share Price Gains Over 2% After Securing Major Order from South Africa Worth $35 Million

RITES Limited, a prominent player in the transport consultancy and engineering sector, has announced a significant achievement. The company has secured a major order from Ndalama Capital (Pty) Ltd., South Africa, valued at $35.2 million. This order involves the supply and commissioning of in-service diesel electric locomotives. 

Details of the Order 

The order from Ndalama Capital (Pty) Ltd. marks a substantial international engagement for RITES. The contract involves the supply and commissioning of Cape Gauge ALCO diesel electric locomotives on a Cost, Insurance, and Freight (CIF) basis in South Africa. This international order highlights RITES' expanding footprint in the global market. 

The contract is set to be executed over a period of 18 months, showcasing the company's commitment to timely delivery and operational excellence. The total value of the order is $35,200,000, reflecting the scale and importance of this project for RITES. 

International Engagement 

This order is a testament to RITES' ability to secure international contracts and deliver complex engineering solutions. The company's expertise in the railway sector and its reputation for quality and reliability have played a crucial role in securing this contract. 

Notably, there is no interest from the promoter or promoter group in the entity awarding the order, ensuring a transparent and arm's length transaction. Additionally, this order does not fall within related party transactions, further underscoring the independence of this engagement. 

Read More: RITES Share Price Surges Over 3% on Signing MoU with Botswana Government for Railway and Transport Infrastructure! 

Rites Share Price Performance  

As of December 23, 2025, at 9:24 AM, Rites share price on NSE was trading at ₹238.11 up by 2.37% from the previous closing price. 

Conclusion 

RITES' acquisition of a $35.2 million order from South Africa underscores its growing international presence and capability in delivering large-scale railway projects. This contract is a significant achievement for the company, highlighting its expertise and commitment to excellence in the transport consultancy and engineering sector. 

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