RITES zooms on bagging order worth $3.6 million
Rites is currently trading at Rs. 295.70, up by 16.50 points or 5.91% from its previous closing of Rs. 279.20 on the BSE.
The scrip opened at Rs. 285.05 and has touched a high and low of Rs. 299.95 and Rs. 284.65 respectively. So far 2674948 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. 299.95 and Rs. 277.40 respectively. The current market cap of the company is Rs. 14235.48 crore.
The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 12.00% and 15.80% respectively.
RITES has secured a purchase order from African Rail Company for supply of 2 fully overhauled ALCO locomotives for deployment in Zimbabwe, Mozambique and Botswana. The order is to be completed within 9 months and it is valued at $3.6 million (CIF).
The order is for supply and commissioning of the overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives fitted with new Cape Gauge Bogies, Traction Motors, Control System, Air braked, etc. overhauled at nominated facility and warranty support with the deputation of company's technical team.
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.
