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RITES Share Price Surges Over 4% on Securing $3.6 Million Locomotive Supply Order from Zimbabwe

Written by: Team Angel OneUpdated on: 31 Dec 2025, 6:26 pm IST
RITES has won a $3.6 million international order to supply in-service Cape Gauge diesel electric locomotives to a Zimbabwe-based entity.
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 RITES Limited has added an overseas supply contract to its order book, strengthening its international presence with a short-duration locomotive supply assignment in Africa. 

Order Details and Execution Timeline 

Under the contract, RITES Limited will supply in-service Cape Gauge diesel electric locomotives to Berhard Development Corporation (Private) Limited.  

The order has a total value of $3.6 million ($3,600,00.00) and is classified as an international supply contract. Execution of the order is scheduled to be completed within 3 months. 

Project Scope and Market Context 

The supply of Cape Gauge diesel electric locomotives supports rail operations aligned with the gauge standards used across parts of Southern Africa. The contract adds to RITES’ portfolio of international rail and transport-related assignments. 

About RITES 

RITES Limited operates in the transport infrastructure and consultancy space, providing services and solutions across railways, highways, ports, airports and urban transport projects in India and overseas markets. 

Read More: Indian Railway Commissions Made-in-India Automatic Train Protection System Kavach 4.0 in Gujarat’s Bajwa–Ahmedabad Section! 

RITES Share Price Performance  

As of December 31, 2025, at 11:45 AM, RITES Limited share price is trading at ₹246.97 per share, reflecting a gain of 4.09% from the previous closing price. 

Conclusion 

With the $3.6 million locomotive supply order from Zimbabwe, RITES continues to expand its international footprint while adding a time-bound overseas contract to its global execution pipeline. 

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. 

Published on: Dec 31, 2025, 12:55 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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