Archive · 23 Dec 2025
RITES Shares Rise on $35M South Africa Order
RITES is a big company that helps with trains and transport.
They just got a big order from South Africa worth $35.2 million to build and set up some special train engines.
This made their stock price go up by 3%.
They also recently made a deal with Botswana to help modernize their train systems.
The company has been doing well and has worked on projects in many countries.
They also said they are following all the rules about telling people about their business activities.
RITES shares rose 3% to Rs 239.75 on BSE following a $35.2 million order from South Africa.
The contract involves supplying and commissioning locomotives for Ndalama Capital (Pty) Ltd.
The project will be completed over 18 months and is not a related party transaction.
RITES recently signed an MoU with Botswana to modernize its railway infrastructure.
The company has been compliant with all regulatory disclosures and trading activities.
- Who
- RITES Limited, a Navratna Public Sector Enterprise
- What
- Secured a $35.2 million contract for locomotives in South Africa
- When
- Contract announced on December 23, stock price rise on December 24
- Where
- South Africa, with additional MoU in Botswana
- Why
- Order win boosted investor confidence, leading to a 3% stock price increase
- Company
- RITES Limited
- Stock Price Increase
- 3%
- Order Value
- $35.2 million
- Client
- Ndalama Capital (Pty) Ltd, South Africa
- Contract Duration
- 18 months
- Project Scope
- Supply and commissioning of locomotives
- Recent MoU
- Government of Botswana for railway modernization