RITES shares zoom over 8% on bagging $35.2 million order from South African firm; all you need to know

This comes after it bagged an order worth $35.2 million (or ₹315.5 crore) from the international firm, Ndalama Capital (Pty) Ltd, for the supply of service diesel electric locomotives in South Africa, it said in a regulatory filing.

The stock was trading 6.10% higher at ₹246.80 per equity share at around 1:23 pm.

While the scrip touched a 52-week high of ₹316 on June 5, 2025, it reached a year’s low of ₹192.40 per unit on March 3, 2025.

The order will be executed within one and a half years, RITES said.

“RITES has received a letter of award from Ndalama Capital (Pty) Ltd, South Africa, for the supply and commissioning of in-service diesel electric locomotives,” it stated, adding that the size of the order in terms of value is $35,200,000 (or $35.2 million).

RITES signs MoU with Botswana government

In a separate regulatory filing dated December 19, the Navratna PSU said that it signed a Memorandum of Understanding (MoU) with the Government of the Republic of Botswana, represented by its Ministry of Transport and Infrastructure.

The MoU was signed to collaborate on the development and modernisation of transport infrastructure in Botswana.

Under the agreement, Botswana will draw upon RITES Limited’s extensive technical expertise for the development and modernisation of railway systems.

RITES’ scope of support will include the supply of rolling stock, as well as commissioning, repair, operation and maintenance support for railway systems, along with the modernisation of workshops.

Furthermore, the collaboration will also cover transport infrastructure development projects spanning railways, highways, bridges, airports, and buildings, the company added.

In addition, RITES will provide capacity-building and technical training programmes, facilitate knowledge exchange, deliver quality assurance services including third-party inspections, pre-shipment inspections, and final acceptance testing and deploy advanced information technology solutions such as integrated train operations and passenger management systems.

RITES has a total market capitalisation of ₹11,822.85 crore, as of December 23, 2025, according to data on the NSE.