RITES zooms after bagging additional work order from Ntokoto Rail Holdings
RITES is currently trading at Rs 211.50, up by 7.10 points or 3.47% from its previous closing of Rs 204.40 on the BSE.
The scrip opened at Rs 206.00 and has touched a high and low of Rs 212.25 and Rs 206.00 respectively. So far 57746 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52-week high of Rs 398.50 on 08-Jul-2024 and a 52-week low of Rs 192.30 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs 218.00 and Rs 203.25 respectively. The current market cap of the company is Rs 10155.16 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 12.17% and 15.63% respectively.
RITES has bagged additional work order from Ntokoto Rail Holdings for supply and commissioning of overhauled in-service of cape gauge ALCO diesel electric locomotives fitted with new cape gauge bogies, traction motors, control system air braked, etc. overhauled at nominated facility and on-site warranty support for one year.
For this, RITES has received the addendum to the Contract Agreement whereby Ntokoto Rail Holdings has awarded additional work. The value of order has been revised from $5.40 million (CIF) to $10.80 million (CIF), doubling the initial order size.
RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.
