RITES Bags LoA for Maintenance of India’s First High-Speed Rail Test TrackRITES Bags LoA for Maintenance of India’s First High-Speed Rail Test Track

Introduction

Leading transport consultancy and engineering PSU secures a ₹105.69 crore Letter of Award from RDSO for five-year comprehensive maintenance of India’s first dedicated high-speed rail test track.

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Through Legal Routes

Share price movement of RITES

On March 23, 2026, RITES Ltd opened at ₹190.55, down -0.57% from its previous close of ₹191.65. It reached a high of ₹191.00 (-0.34%) and a low of ₹183.45. By 4:00 PM, it traded at ₹186.54, a -2.67% decrease, with a market cap of ₹8,843.11 crore.

₹105.69 Cr RDSO Maintenance Order

RITES Limited has received a Letter of Award from the Research Designs and Standards Organisation (RDSO), Lucknow, for comprehensive maintenance of India’s first dedicated high-speed rail test track. The contract is valued at ₹105.69 crore, excluding GST.

The 64 km test track runs between Gudha and Thathana Mithri stations in the Jodhpur division of North Western Railway, Rajasthan. It is designed for rolling stock testing at speeds up to 220 kmph, conforming to international standards UIC-518/EN-14363.

The contract has an execution period of 60 months (5 years). The transaction is classified as domestic and is a government-to-government order, not constituting a related-party transaction.

Stock performance of RITES  for Period of 1 week, 6 months, and 1 year

Rites Ltd delivered a 1-week return of 0.21%, a 6-month return of -25.8%, and a 1-year return of -20.0%.

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Shareholding pattern of RITES

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	72.20%	72.20%	72.20%
FII	3.50%	3.50%	3.50%
DII	8.60%	8.70%	8.60%
Public	15.70%	15.60%	15.70%

About RITES

RITES Limited (NSE: RITES), established in 1974, is a Navratna PSU and India’s leading transport consultancy and engineering firm, operating across 55+ countries and serving as Indian Railways’ sole rolling stock export arm.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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