Archive · 31 Dec 2025
RITES Secures $3.6M Locomotive Order from Zimbabwe
RITES, an engineering company, got a big order from a company in Zimbabwe.
They have to give them some special train engines for $3.6 million.
This deal is not with any of RITES' friends or family companies, so it's a fair deal.
Also, RITES recently made a deal with Botswana to help them make their trains and roads better.
Their stock price went down a little today.
RITES Ltd received a $3.6-million order for locomotives from Zimbabwe's Berhard Development Corporation.
The contract is to be executed over three months and is an arm’s length transaction.
RITES recently signed an MoU with Botswana to modernize its railway and transport infrastructure.
The partnership aims to enhance Botswana's transport sector through advanced technologies and capacity-building.
RITES' stock price ended at ₹237, down 3.27%, on December 30, 2025.
- Who
- RITES Ltd and Berhard Development Corporation (Private) Ltd, Zimbabwe
- What
- Supply of in-service Cape gauge diesel-electric locomotives
- When
- December 30, 2025 (announcement)
- Where
- Zimbabwe
- Why
- To fulfill a $3.6-million locomotive order
Positive
Neutral
Stock Market Performance
Positive
RITES' stock price ended at ₹237, down 3.27%, on December 30, 2025.
Neutral
Indian stock market benchmark indices — Sensex and Nifty 50 — were expected to open flat on Wednesday, December 31, the final trading session of 2025, amid thin volumes.
- Company
- RITES Ltd
- Order Value
- $3,600,000
- Client
- Berhard Development Corporation (Private) Ltd, Zimbabwe
- Execution Period
- 3 months
- Transaction Type
- Arm’s length
- Stock Price (Dec 30, 2025)
- ₹237 (down 3.27%)
Sources
RITES Secures $3.6-Million Locomotive Order from Zimbabwe-Based Berhard Development Corp
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