Rites: Stock jumps after securing ₹78.65 Cr order from NTPCRites: Stock jumps after securing ₹78.65 Cr order from NTPC

Introduction

Leading engineering and infrastructure firm has secured a ₹78.65 crore rate contract from NTPC for leasing diesel locomotives, supporting power plant operations across India between September 2025 and September 2027.

Also Read: Arfin India: Stock jumps after securing order from Shoji India

Share price movement of RITES

On September 19, 2025, RITES Ltd opened at ₹269.10, down 0.51% from its previous close of ₹270.50. The stock reached a high of ₹273.15 and a low of ₹269.00. By 1:42 PM, it traded at ₹271.90, a 0.52% increase, with a market cap of ₹13,067.62 crore.

RITES Secures ₹78.65 Crore NTPC Rate Contract

RITES Limited has secured a rate contract from NTPC Limited for hiring diesel locomotives on a lease basis for NTPC power plants across India. The contract is domestic and not a related party transaction.

The rate contract spans from September 20, 2025, to September 19, 2027. NTPC stations will place separate purchase orders specifying requirements, completion dates, and amounts under the contract’s validity period.

The indicative value of the contract is ₹78.65 crore, excluding GST. Actual order values will depend on NTPC stations’ requirements. Promoters have no interest in NTPC, and the contract is executed at arm’s length.

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

RITES Ltd delivered a 1.53% return over the past week. The stock gained 13.6% in the past six months and declined 20.4% over the past year.

Also Read: Texmaco Rail: Stock jumps 3.5% after securing ₹86.85 Cr order from Ultratech Cement

Shareholding pattern of RITES

Particulars	Jun 2025	Mar 2025	Dec 2024
Promoter	72.20%	72.20%	72.20%
FII	3.50%	3.30%	3.30%
DII	8.60%	8.70%	8.80%
Public	15.70%	15.80%	15.60%

About RITES

RITES Ltd (NSE: RITES), established in 1974, is a public sector transport consultancy and engineering firm in India, offering diversified services and acting as the export arm of Indian Railways for rolling stock.

Stay Ahead with the Latest Stock Market Updates – Click Here

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