RITES Shares Jump Over 5% After Winning $18 Million Order from South Africa

RITES Shares Jump Over 5% After Winning Million Order from South Africa | Udaipur Kiran

Mumbai, September 26 (Udaipur Kiran News). Shares of RITES Ltd surged over 5% on Thursday after the company announced it has secured a major $18 million (CIF) export order from Talis Logistics, South Africa.

The stock was trading at ₹266.95, up ₹14.45 (5.72%) from its previous close of ₹252.50 on the BSE. It opened at ₹262.60 and hit an intraday high of ₹270.60. The company’s market capitalisation stands at ₹12,851.34 crore.

Over the past 52 weeks, RITES has touched a high of ₹370.50 (27-Sep-2024) and a low of ₹192.30 (03-Mar-2025).

Promoter holding in the company stands at 72.20%, while institutions own 12.11% and non-institutional investors hold 15.69%.

Details of the order

RITES has bagged an order worth $18 million from Talis Logistics, South Africa, for the supply and commissioning of overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives. The order is expected to be executed within 6 to 8 months.

RITES, a Government of India enterprise, is a multi-disciplinary consultancy organisation providing end-to-end solutions in transport, infrastructure, and related technologies. The company is also known for its focus on technology transfer to client organisations across the globe.

Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.

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