Rites

RITES Limited has received an acceptance of its offer from Volantis Asset Finance (Pty) Ltd of South Africa for the supply and commissioning of 4000 HP cape gauge diesel electric locomotives. The order is valued at USD 35.82 million, or approximately ₹300 crore, and is scheduled for execution over a 20-month period. Cape gauge railways are widely used across southern Africa's rail network, and the locomotives will support the region's freight and logistics infrastructure. A formal contract agreement will be signed after due diligence by both parties, following which the order will be added to the company's order book. The international order adds to RITES' growing export portfolio and reinforces its engineering capabilities in the African continent.

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RITES announced on June 30, 2026 that it has secured a project management consultancy order from Babasaheb Bhimrao Ambedkar University (BBAU) for the planning, design and development of infrastructure facilities on the university campus. The contract, valued at approximately ₹175.41 crore excluding GST, will be executed on a cost-plus PMC fee basis over a period of 30 months or until completion of the allotted work, whichever is later.

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June 29 (Reuters) - RITES Ltd RITS.NS:

• RITES - SIGNS MOU WITH CONCOR FOR LOGISTICS INFRASTRUCTURE CONSULTANCY

Source text: ID:nBSEq6mHg

Further company coverage: RITS.NS

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June 25 (Reuters) - RITES Ltd RITS.NS:

• RITES - BOARD APPROVES FORMATION AND CAPITAL INVESTMENT IN JV WITH NICC INFRASTRUCTURE CONSTRUCTION

• RITES - JV TO BE ESTABLISHED IN UNITED ARAB EMIRATES

Source text: ID:nNSE4pvJ4c

Further company coverage: RITS.NS

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May 19 (Reuters) - RITES Ltd RITS.NS:

• RITES - RECOMMENDS FINAL DIVIDEND OF 2.75 RUPEES PER SHARE

• RITES MARCH-QUARTER CONSOL PROFIT 1.39 BILLION RUPEES

• RITES MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 7.68 BILLION RUPEES

Source text: ID:nBSE6vtvT9

Further company coverage: RITS.NS

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April 9 (Reuters) - ** Shares of engineering firm RITES RITS.NS jump nearly 3.5% to 207.27 rupees, its highest level in a month

** National Aluminium Company (NALCO) amends LoA that RITES won on March 31, 2021, raises railway siding project's order value to about 1.2 bln rupees ($12.94 mln) from 797.3 mln rupees

** Trading volume at 4.21 mln shares, almost 6x 30-day average volume

** RITS rated "strong buy" on average by four analysts, median PT at 284 rupees - data compiled by LSEG

** YTD, stock down about 14.5%

($1 = 92.7100 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

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April 8 (Reuters) - RITES Ltd RITS.NS:

• RITES - RECEIVES AMENDMENT TO LOA FOR RAILWAY SIDING PROJECT FROM NALCO

• RITES - CONTRACT VALUE HAS BEEN ENHANCED FROM 797.3 MILLION RUPEES TO 1.2 BILLION RUPEES

Source text: ID:nBSE7YtGxs

Further company coverage: RITS.NS

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March 6 (Reuters) - RITES Ltd RITS.NS:

• GOT REVISED ESTIMATES FOR RAILWAY ELECTRIFICATION PROJECT OF MYSURU-HASSAN-MANGALURU

• REVISED PROJECT COST 7.29 BILLION RUPEES

Source text: ID:nBSE4Jb8Kh

Further company coverage: RITS.NS

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Feb 23 (Reuters) - JSW Infrastructure Ltd JSWN.NS:

• UNIT GETS COMPLETION CERTIFICATE FROM RITES FOR JAWAHARLAL NEHRU PORT PROJECT

Source text: ID:nBSE9XPpjC

Further company coverage: JSWN.NS

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Feb 4 (Reuters) - RITES Ltd RITS.NS:

• RITES - DECLARES 1.90 RUPEE PER SHARE INTERIM DIVIDEND

• RITES DEC-QUARTER CONSOL NET PROFIT 1.02 BILLION RUPEES

• RITES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.09 BILLION RUPEES

Source text: ID:nBSEbfMltL

Further company coverage: RITS.NS

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Feb 2 (Reuters) - RITES Ltd RITS.NS:

• RITES - CO & SAIL SIGN MOU FOR LOCOMOTIVE LEASING AND MAINTENANCE

Source text: ID:nNSE2VZKSW

Further company coverage: RITS.NS

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Jan 27 (Reuters) - RITES Ltd RITS.NS:

• GETS ORDER WORTH $20.6 MILLION FROM ICVL MOZAMBIQUE

Source text: ID:nBSE2Rl5cj

Further company coverage: RITS.NS

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** Shares of RITES rise 5.76% to 250.93 rupees

** Indian engineering and consultancy company received order for supply of locomotives from Zimbabwean co Berhard Development Corporation

** More than 3.8 mln shares change hands by 9:50 a.m. IST, 3x the 30-day avg volume

** Three out of 5 analysts rate the stock as "Buy" or "Strong buy", while 2 rate it as "Hold"; median PT is 284 rupees - data compiled by LSEG

** Stock down ~15% YTD up to last close

(Reporting by Abhirami G in Bengaluru)

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Nov 6 (Reuters) - RITES RITS.NS:

• SIGNS MOU WITH DGNP MUMBAI FOR CONSULTANCY SERVICES

Source text: ID:nBSE3Jh6Ny

Further company coverage: RITS.NS

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Sept 30 (Reuters) - RITES Ltd RITS.NS:

• RITES LTD - SIGNS MOU WITH ETIHAD RAIL FOR BUSINESS COLLABORATION

Source text: ID:nBSE7KmVtl

Further company coverage: RITS.NS

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** Shares of RITES Ltd RITS.NS rise as much as 7% to 270 rupees

** Engineering co gets letter of award from South Africa's Talis Logistics for supply and commission of locomotives for $18 mln

** Stock on track to snap 4 sessions of losses

** More than 25.9 mln shares traded as of 11:40 a.m. IST, 37.5x their 30-day moving avg; busiest day yet since July 2

** Mean rating of stock is "buy"; their median PT is 281 rupees - data compiled by LSEG

** RITS last up 1.4%, trimming YTD losses to 13.5%

(Reporting by Meenakshi Maidas in Bengaluru)

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** Shares of state-run engineering and consulting co RITES RITS.NS rise 3.3% to 251.9 rupees, their biggest intraday pct-gain since early July

** Co wins maintenance contract from NTPC NTPC.NS worth 253 million rupees ($2.9 million)

** Stock, however, down 13.6% YTD

($1 = 87.5060 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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July 30 (Reuters) - RITES Ltd RITS.NS:

• RITES LTD - SIGNS MOU WITH NABCONS FOR INFRASTRUCTURE DEVELOPMENT

Source text: ID:nBSE6sjln5

Further company coverage: RITS.NS

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July 23 (Reuters) - RITES Ltd RITS.NS:

• RITES - RITES & CMPDI SIGN MOU TO TAP INTO MINING & RENEWABLE POTENTIAL

• RITES - MOU TO COLLABORATE ON CONSULTANCY ASSIGNMENTS, JOINTLY SUBMIT PROPOSALS FOR MINING

Source text: [ID:]

Further company coverage: RITS.NS

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July 11 (Reuters) - RITES Ltd RITS.NS:

• RECEIVES ORDER FOR CONSTRUCTION IN KARNATAKA

• PROJECT COST INCLUDING RITES FEES IS 468.2 MILLION RUPEES

Source text: ID:nBSE6fMQYl

Further company coverage: RITS.NS

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** Shares of state-run engineering and consulting co RITES RITS.NS surge 6.1% to 295.85 rupees; set for best day in nearly seven weeks

** Stock top percentage gainer on Nifty 500 index .NIFTY500 and small-cap index .NIFSMCP100, down 0.21% and 0.43%, respectively

** Co bagged purchase order worth $3.6 million from African Rail Company for supply and commissioning of locomotive parts

** Its JV got order from South Western Railway for re-development, engineering, construction of a railway station in Karnataka state; RITS' share from agreement at 378.1 million rupees

** Stock eyes busiest trading session since mid-May, volumes at 7.8x the 30-day avg

** RITS up 1.4% so far in 2025

(Reporting by Manvi Pant in Bengaluru)

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June 10 (Reuters) - RITES Ltd RITS.NS:

• GETS ORDER WORTH USD 2.9 MILLION

Source text: ID:nBSE4Dl09P

Further company coverage: RITS.NS

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** Steep rise in Indian railway stocks in past few weeks contrasts government's flat FY26 capex projection and modest medium-term outlook, says Kotak Institutional Equities

** Attributes stock boost to euphoria in mid- and small-caps and rub-off effect from other sectors like defence, manufacturing and electrification

** Jupiter Wagons JUWL.NS, RITES RITS.NS and RailTel Corporation of India RAIT.NS down 1.9%, 2.9% and 3.8%, respectively, today after brokerage commentary

** However, JUWL, RITS and RAIT still up 15%, 37% and 56%, respectively, since May

** Other stocks like IRCON International IRCN.NS and Titagarh Rail Systems TITG.NS up ~43% and 25% since May

** Kotak says it's hard to reconcile valuations of railway stocks with their financials and growth prospects

** Says most railway cos' profits have either fallen or remained unchanged in 2025 from last yr, while stocks have surged

** Adds, it does not see scope for meaningful pickup in railway capex in medium term

(Reporting by Vivek Kumar M)

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April 24 (Reuters) - RITES Ltd RITS.NS:

• GETS ORDER WORTH 280 MILLION RUPEES

Source text: ID:nBSE2jlv5d

Further company coverage: RITS.NS

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April 9 (Reuters) - RITES Ltd RITS.NS:

• SIGNS MOU WITH DP WORLD FOR LOGISTICS INFRASTRUCTURE DEVELOPMENT

Source text: ID:nBSE3W54W5

Further company coverage: RITS.NS

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April 1 (Reuters) - RITES Ltd RITS.NS:

• TERMINATION OF ORDER SECURED FROM UPSBCL

Source text: ID:nBSEbG0rl5

Further company coverage: RITS.NS

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** Shares of RITES Ltd RITS.NS rise as much as 5.7% to 225 rupees

** Engineering co gets order for final location survey for the high-speed elevated rail corridor between Hyderabad-Bengaluru and Hyderabad-Chennai from South Central Railway

** Adds, order size of 279.6 mln rupees ($3.2 mln)

** Stock on track to gain for fourth straight day

** More than 3.1 mln shares traded as of 9:51 a.m. IST, nearly twice their 30-day moving avg of over 1.6 mln shares

** Average rating on the stock is 'buy'; their median PT is 301 rupees - data compiled by LSEG

** RITS last up 4.1%, cutting YTD losses to 27%

($1 = 87.1630 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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RITES Ltd RITS.NS:

• RITES LTD - GETS ORDER FOR 279.6 MILLION RUPEES

Source text: ID:nBSE1fhvpY

Further company coverage: RITS.NS

** Shares of state-run engineering and consulting co RITES RITS.NS climb 4% to 221.85 rupees

** Co signed deal with Indian government for services and projects involving water infrastructure

** Stock among top five pct gainers on Nifty small-cap index .NIFSMCP100, which is up 0.7%

** RITS rated "buy" on avg, median PT is 301 rupees - data compiled by LSEG

** Stock eyes busiest trading session in nearly seven weeks, volumes at 4.1x the 30-day avg

** Year-to-date, RITS down ~24% vs ~17% fall in NIFSMCP100

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Feb 19 (Reuters) - RITES Ltd RITS.NS:

• RITES LTD - SIGNS MOU WITH CWPRS FOR MARINE INFRA CONSULTANCY

Source text: ID:nBSEbPNVk5

Further company coverage: RITS.NS

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