Introduction:
Leading infra company has secured a significant ₹157.25 crore order from Oil India Limited for constructing a Workmen Housing Complex at Duliajan on a turnkey basis, with a project timeline of 36 months.
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Share price movement of RITES:
On April 1, 2025, RITES Ltd opened at ₹225.05, up 0.73% from its previous close of ₹223.45. The stock reached a high of ₹231.70 (3.69%) and a low of ₹224.95. By 12:33 PM, it traded at ₹228.85, a 2.42% increase, with a market cap of ₹10,998.62 crore.
RITES Secures ₹157 Cr Order from Oil India:
RITES Limited has secured a significant order from Oil India Limited for the construction of a Workmen Housing Complex (BQ Area) at OIL, Duliajan. This contract will be executed on a turnkey basis under Depository Works Mode.
The awarded project, valued at ₹157.25 crore excluding GST, is expected to be completed over a period of 36 months. The contract is a domestic award and falls under the construction of essential infrastructure for Oil India.
Recent news on RITES:
As of March 06, 2025, RITES Ltd received a ₹27.96 crore contract from South Central Railway for conducting a final location survey for high-speed elevated rail corridors between Hyderabad-Bengaluru and Hyderabad-Chennai.
Stock performance of RITES for Period of 1 week, 6 months, and 1 year:
RITES Ltd delivered a -9.51% return over the past week, it declined by 30.4% in the past six months. The stock fell 35.2% over the past year.
Shareholding pattern of RITES:
Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
Promoter | 72.20% | 72.20% | 72.20% |
FII | 3.30% | 3.20% | 3.50% |
DII | 8.80% | 9.60% | 10.80% |
Public | 16% | 15.00% | 13.50% |
About RITES:
RITES Ltd (NSE: RITES), established in 1974, is a leading transport consultancy and engineering player in India. It specializes in diversified services, including export of rolling stock and consultancy for railways and infrastructure projects.
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.