Rites rises on emerging as lowest bidder for Rs 400 crore Sri Lanka Railways tender
Rites is currently trading at Rs. 192.90, up by 1.40 points or 0.73% from its previous closing of Rs. 191.50 on the BSE.
The scrip opened at Rs. 196.00 and has touched a high and low of Rs. 196.00 and Rs. 192.70 respectively. So far 51541 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 259.30 on 21-Nov-2025 and a 52 week low of Rs. 175.10 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 198.05 and Rs. 185.50 respectively. The current market cap of the company is Rs. 9,270.85 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 12.54% and 15.26% respectively.
Rites has emerged as lowest bidder (L-1) in tender from Sri Lanka Railways for the supply of Broad Gauge Diesel Multiple Unit (DMU) Train Sets, subject to due process of scrutiny/ evaluation. The estimated value of the bid is around Rs 400 crore ($41.45 million). The order is to be executed within 12 months from opening of Letter of Credit (LC).
