RITES: Stock jumps after receiving ₹36 Cr contract from Damodar Valley CorporationRITES: Stock jumps after receiving ₹36 Cr contract from Damodar Valley Corporation

Introduction

Leading engineering and consultancy firm secures a Rs. 36.23 crore contract from Damodar Valley Corporation for maintenance of railway sidings, operation of 25KV OHE isolators, and S&T systems at Mejia Thermal Power Station.

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Share price movement of RITES

On October 3, 2025, RITES Ltd opened at ₹254.00, up 0.50% from its previous close of ₹251.75. The stock reached a high of ₹255.00 and a low of ₹252.20. By 11:01 AM, it traded at ₹253.00, with a market cap of ₹12,159.28 crore.

RITES Secures Rs. 36 Crore DVC Contract

RITES Limited has secured a significant work order from Damodar Valley Corporation (DVC) for AMC of railway sidings tracks, O&M of S&T, and operation of 25KV OHE isolators at Mejia Thermal Power Station.

The contract value is Rs. 36.23 crore, excluding GST. The order is awarded by a domestic entity and is to be executed within 730 days from commencement of work.

Recent news on RITES

As of September 30, 2025, RITES Ltd signed an MoU with UAE-based Etihad Rail and its subsidiary to boost business collaboration in mobility and infrastructure across the UAE and other regions.

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

RITES Ltd delivered a 1.41% return over the past week, gained 13.0% over the past six months, and declined by 21.5% over the past year.

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Shareholding pattern of RITES

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	72%	72%	72%
FII	3.50%	3.30%	3.30%
DII	8.60%	8.70%	8.80%
Public	15.70%	15.80%	15.60%

About RITES

RITES Limited (NSE: RITES), established in 1974, is a leading public sector transport consultancy and engineering firm in India, offering diversified services and serving as the primary export arm of Indian Railways globally.

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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.

FAQs

Q: Why is RITES Limited share price going up today?

A: RITES Limited share price is rising after winning a Rs. 36.23 crore DVC order for railway siding and 25KV OHE systems.

Q: How much stake do promoters hold in RITES Limited stock?

A: Promoters hold a 72% stake in RITES Limited stock.

Q: What is the 52-week high and low of RITES Limited stock?

A: The 52-week high of RITES Limited stock is ₹333.95, and the 52-week low is ₹192.30.