RITES bags order worth ₹28 crore from South Central Railway; here are key details

“...RITES received a Letter of Acceptance (LOA) for carrying out the final Location Survey for the high-speed elevated rail corridor between Hyderabad-Bengaluru and Hyderabad-Chennai,” the company said in a regulatory filing.

A formal agreement for the same will be executed in due course, REITS added.

This will involve the preparation of a detailed project report (DPR), the final alignment design, a traffic survey report, railway over railway (ROR) calculations, a detailed estimate and the preparation of the Engineering, Procurement and Construction (EPC) documents. This will be done using modern survey techniques such as Airborne or Terrestrial LIDAR, the company further said.

RITES past stock performance

Shares of RITES settled in the green at ₹212.8 apiece, up 1.64% on the National Stock Exchange (NSE) on Thursday, March 6. However, the order win was declared after market hours.

The stock has risen 4.03% since Monday, March 3. The scrip fell 21.58% since the beginning of February and 27.04% on a year-to-date basis.

The company touched its 52-week high of ₹398.45 on July 8, 2024, and low of ₹192.40 on Monday, March 3, 2025.

RITES has a total market capitalisation of ₹10,196.49 crore, as of March 6, 2025, on the NSE.

December quarter performance

The Navranta PSU’s consolidated net profit fell 15% year-on-year (YoY) to ₹109 crore in the third quarter of FY25 (Q3FY25), compared to ₹129 crore it reported in the year-ago period.

Its revenue from operations stood at ₹575.8 crore in the quarter under review, slumping 15.7% YoY from ₹682.9 crore reported in Q3FY24.