RITES jumps 7% after winning $3.6 million overseas order from Zimbabwe firmRITES jumps 7% after winning $3.6 million overseas order from Zimbabwe firm

Introduction

Leading engineering and transport solutions provider secured a USD 3.6 million international order to supply in-service Cape Gauge Diesel Electric Locomotives to Berhard Development Corporation, Zimbabwe, within three months.

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Share price movement of RITES

On December 31, 2025, RITES Ltd opened at ₹242.85, up 2.30% from its previous close of ₹237.40. The stock reached a high of ₹254.60 (7.25%) and a low of ₹240.60. By 11:49 AM, it traded at ₹246.10, a 3.66% increase, with a market cap of ₹11,827.66 crore.

RITES Secures USD 3.6 Million Locomotive Order

RITES Limited has received a Letter of Award from Berhard Development Corporation (Private) Limited, Zimbabwe, for the supply of in-service Cape Gauge Diesel Electric Locomotives. The order value is USD 3.6 million.

The contract is for international supply and is scheduled for execution within three months, marking a significant order for RITES Limited in the global locomotive market.

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

RITES Ltd declined 2.20% over the past week, fell 16.7% in the past six months, and decreased 18.6% over the past year.

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Shareholding pattern of RITES

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	72.20%	72.20%	72.20%
FII	3.50%	3.50%	3.30%
DII	8.70%	8.60%	8.70%
Public	15.60%	15.70%	15.80%

About RITES

RITES Ltd (NSE: RITES), established in 1974, is a public sector enterprise providing transport consultancy, engineering services, and rolling stock exports, serving diverse domestic and international markets across multiple geographies.

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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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