RITES Ltd

RITES has been awarded for 'Excellence in Sustainable Engineering for the Rail Sector' at the 7th Rail Analysis Innovation & Excellence Summit 2026, held on 30 January 2026 for its contribution to the Udhampur Srinagar-Baramulla Railway Link. Powered by Capital Market - Live

Rites has received Letter of Intent (LOI) from ICVL, Mozambique in connection with supply of New Cape Gauge Diesel Electric Locomotives with provision for Preventive Maintenance Services including consumable spares. The order is valued at USD 20.6 million. Powered by Capital Market - Live

RITES will hold a meeting of the Board of Directors of the Company on 4 February 2026.Powered by Capital Market - Live

The order involves the supply of operational Cape Gauge diesel electric locomotives and is scheduled to be executed within a period of three months, RITES said in a regulatory filing. The contract has been awarded by an international entity and does not fall under related party transactions. The company further clarified that the promoter or promoter group has no interest in the entity awarding the contract. The total consideration for the order stands at $3.6 million (USD Three Million Six Hundred Thousand only). RITES is a Navratna Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company has an experience spanning 50 years and undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and Middle East region. As on September, the Government of India held 72.20% in the company. The company reported a 32.24% rise in consolidated net profit to Rs 109.10 crore in Q2 FY26 from Rs 82.50 crore a year earlier. Revenue from operations grew 1.45% YoY to Rs 548.74 crore for the quarter ended 30 September 2025. Shares of Rites fell 3.08% to end at Rs 237.40 on the BSE. Powered by Capital Market - Live

Rites has received a letter of award for 'Supply of In-Service Cape Gauge Diesel Electric Locomotives' from Berhard Development Corporation, Zimbabwe. The order is valued at USD 3.6 million. Powered by Capital Market - Live

The key equity benchmarks continued to trade near flat line with positive bias in mid-morning trade. Market participants are also closely monitoring rupee movement, FII activity, ongoing IPO activity, and global cues. The Nifty traded above the 26,000 level. Media shares jumped for third consecutive trading session. At 11:25 ST, the barometer index, the S&P BSE Sensex jumped 10.31 points or 0.01% to 85,578.82. The Nifty 50 index advanced 18.70 points or 0.07% to 26,191.60. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.02% and the S&P BSE Small-Cap index added 0.32%. The market breadth was positive. On the BSE, 2,180 shares rose and 1,649 shares fell. A total of 231 shares were unchanged. Economy: The combined Index of Eight Core Industries (ICI) increased by 1.8% (provisional) in November, 2025 as compared to the Index in November, 2024. The production of Cement, Steel, Fertilizer and Coal recorded positive growth in November, 2025. Coal production rose 2.1% in November 2025 compared with November 2024. Crude oil output declined 3.2% year-on-year, while natural gas production fell 2.5% during the same period. Petroleum refinery production also slipped 0.9% in November 2025 over a year ago. Steel production increased 6.1% year-on-year, cement output surged 14.5%, while electricity generation declined 2.2% in November 2025 compared with November 2024. Fertilizer production increased by 5.6% YoY in November 2025. IPO Update: Gujarat Kidney and Super Speciality received bids for 2,65,04,320 shares as against 1,32,26,880 shares on offer, according to stock exchange data at 11:21 IST on Tuesday (23 December 2025). The issue was subscribed 2 times. The issue opened for bidding on 22 December 2025 and it will close on 24 December 2025. The price band of the IPO is fixed between Rs 108 and 114 per share. Buzzing Index: The Nifty Media index jumped 1.75% to 1418.20 extending its gains for a third straight session, up 1.79% over the period. Nazara Technologies (up 8.5%), Prime Focus (up 4.2%), Network 18 Media & Investments (up 1.62%), D B Corp (up 0.27%) and Hathway Cable & Datacom (up 0.16%) were the top gainers. Stocks in Spotlight: RITES added 2.45% after it has won an international order worth $35.2 million from Ndalama Capital, South Africa for the supply and commissioning of in-service Cape gauge ALCO diesel-electric locomotives on a CIF basis. Sunita Tools rose 4.06% after the company announced a strategic memorandum of understanding with a Middle East-based partner to support an upcoming defence order. Larsen & Toubro (L&T) announced that its Hydrocarbon Onshore business vertical (L&T Onshore) has secured a major engineering, procurement, construction and commissioning (EPCC) order from Bharat Petroleum Corporation (BPCL). Global Market: Asia market advanced on Tuesday, after AI trade lifted major Wall Street indexes overnight. Nvidia shares rose more than 1% after media reports said that the company was looking to start shipments of its H200 chips to China by mid-February. In Southeast Asia, Singapore will release its November inflation reading, with media reports stating that the city-state's inflation rate is expected to have climbed to its highest in 2025. Overnight in the U.S., the S&P 500 gained 0.64%, posting its third positive day in a row. The Dow Jones Industrial Average advanced 0.47%, and the Nasdaq Composite climbed 0.52%.Powered by Capital Market - Live

The contract is expected to be executed over 18 months. The order has been awarded by an international entity, with no involvement of promoters or group companies in the contracting entity. The transaction is not a related party deal. This order marks a significant expansion for RITES in the African rail sector, further strengthening its global locomotive business. RITES is a Navratna Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company has an experience spanning 50 years and undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and Middle East region. As on September, the Government of India held 72.20% in the company. The company reported a 32.24% rise in consolidated net profit to Rs 109.10 crore in Q2 FY26 from Rs 82.50 crore a year earlier. Revenue from operations grew 1.45% YoY to Rs 548.74 crore for the quarter ended 30 September 2025. Powered by Capital Market - Live

RITES has received letter of award from Ndalama Capital, South Africa for supply and commissioning of in service diesel electric locomotives. The order is valued at USD 35.2 million Powered by Capital Market - Live

RITES on Friday (19 December 2025) signed a memorandum of understanding with the Government of Botswana to support the development and modernisation of the country's transport infrastructure. The MoU was signed with Botswana's Ministry of Transport and Infrastructure. The partnership aims to strengthen railway and transport systems through the use of advanced technologies, global best practices and capacity building programmes. Under the agreement, RITES will provide technical support for railway modernisation, including supply of rolling stock, commissioning, repair, operations and maintenance services, and workshop upgrades. The collaboration will also extend to infrastructure projects across highways, bridges, airports and buildings. RITES will additionally offer training programmes, knowledge sharing initiatives and quality assurance services such as third party inspections and acceptance testing. The scope also includes deployment of IT solutions like integrated train operations and passenger management systems. RITES is a Navratna Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company has an experience spanning 50 years and undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and Middle East region. As on September, the Government of India held 72.20% in the company. The company reported a 32.24% rise in consolidated net profit to Rs 109.10 crore in Q2 FY26 from Rs 82.50 crore a year earlier. Revenue from operations grew 1.45% YoY to Rs 548.74 crore for the quarter ended 30 September 2025. Shares of RITES rose 1.71% to settle at Rs 226.35 on Friday, 19 December 2025. Powered by Capital Market - Live

Under the MoU, RITES will extend its technical expertise across key infrastructure consultancy domains, including feasibility studies, Detailed Project Reports (DPRs), Project Management Consultancy, Bid Management, and Third Party Inspection & audit services. The collaboration spans a wide range of sectors such as transport systems, ports, waterways, power, water and wastewater, buildings, and industrial infrastructure, among others. RITES is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia, and Indonesia). The company reported a 32.24% jump in consolidated net profit to Rs 109.10 crore in Q2 FY26, compared to Rs 82.50 crore recorded in Q2 FY25. Revenue from operations rose 1.45% YoY to Rs 548.74 crore for the quarter ended 30 September 2025. The counter shed 0.83% to Rs 250.35 on the BSE.Powered by Capital Market - Live