RITES shares gain 8% on bagging $35.8 million South Africa locomotive order

RITES shares gain 8% on bagging $35.8 million South Africa locomotive order

Trending Topics

RITES shares gain 8% on bagging $35.8 million South Africa locomotive order

RITES | The market capitalisation of the company stands at Rs 11,213.93 crore.
Moneycontrol News
July 07, 2026 / 10:46 IST
RITES
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Shares of RITES rose 8% after the company received an acceptance of its offer from Volantis Asset Finance (Pty), South Africa for the supply and commissioning of 4,000 HP Cape Gauge diesel-electric locomotives

At 10:28am, RITES was quoting at Rs 233.04, up Rs 16.89, or 7.81 percent, on the NSE

The international order is valued at $35.82 million (around Rs 300 crore) and is scheduled to be executed over a 20-month period, according to the company’s exchange filing

Catch all the market action on our live blog

In June, the company had then bagged a Project Management Consultancy (PMC) contract worth Rs 175.41 crore from Babasaheb Bhimrao Ambedkar University (BBAU) for planning, designing and developing infrastructure facilities at its campus. The domestic project is to be executed over 30 months

In the previous trading session, the share closed down 0.93 percent or Rs 2.02 at Rs 216.15

The share touched a 52-week high of Rs 285.50 and a 52-week low of Rs 175.00 on 10 July, 2025 and 30 March, 2026, respectively. Currently, the stock is trading 18.27 percent below its 52-week high and 33.33 percent above its 52-week low

The market capitalisation of the company stands at Rs 11,213.93 crore

Moneycontrol News
first published: Jul 7, 2026 10:36 am

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