RITES shares rise 6% on getting order from Ndalama Capital, South AfricaRITES shares rise 6% on getting order from Ndalama Capital, South Africa

Introduction

Leading engineering and transport solutions provider secured a USD 35.2 million international order to supply and commission Cape Gauge ALCO diesel electric locomotives in South Africa over 18 months.

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Share price movement of RITES

On December 23, 2025, RITES Ltd opened at ₹235.65, up 1.36% from its previous close of ₹232.65. The stock reached a high of ₹245.80 (5.63%) and a low of ₹234.40 (0.09%). By 11:43 AM, it traded at ₹245.15, a 5.37% increase, with a market capitalization of ₹11,782.00 crore.

RITES Secures $35.2 Million Locomotive Order

RITES Limited received a letter of award from Ndalama Capital (Pty) Ltd., South Africa, for supply and commissioning of in-service Cape Gauge ALCO diesel electric locomotives on CIF basis.

The order, valued at USD 35.2 million, will be executed over 18 months. It involves international supply and commissioning, reinforcing RITES’ presence in global locomotive projects and engineering solutions.

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

RITES Ltd delivered a 3.31% return over the past week. It declined 16.6% over the past six months and fell 17.1% over the past year.

Also Read: RITES proceeds 4% after cracking deal with Botswana Govt to modernise rail infra

Shareholding pattern of RITES

Particulars	Sep 2025	Jun 2025	Mar 2025
Promoter	72.20%	72.20%	72.20%
FII	4%	4%	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 transport consultancy and engineering company, offering diversified services and serving as Indian Railways’ export arm for rolling stock overseas.

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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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