Rites Shares Jump 6% After Winning $3.6 Million International Order

Rites shares jump 6% after winning $3.6 million international order

RITES shares surged over 6% to Rs 296 following the announcement of a USD 3.6 million international contract from African Rail Company. This order involves supplying and commissioning two fully overhauled ALCO diesel-electric locomotives for deployment in Zimbabwe, Mozambique, and Botswana. The project, expected to be completed within 9 months, includes warranty support and technical deployment.

Rites shares jump 6% after winning $3.6 million international order - GAGA INDIA

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RITES Share Price Finds Its Spark, Breaks Out Of Consolidation. What Next?

RITES Ltd share price was back in the spotlight on Wednesday, with its share price surging over 7% to around ₹296. Investors are cheering after the company bagged two significant orders—one international and the other domestic. The resulting sentiment has sent a clear signal that business momentum is gaining steam. The upbeat momentum is a result of positive catalysts on both international and domestic fronts. First, there’s the African locomoti…

Rites Share Price Jumps After Order Wins

Rites Ltd. saw its share price surge 7.4% on Wednesday following the announcement of order wins after market hours on Tuesday.Rites-Aryan JV, a joint venture involving Rites, received a Letter of Acceptance from South Western Railway for the redevelopment of Tumakuru Station. The project, which includes civil works, signal and telecommunication works, and electrical general services, is valued at Rs 37.81 crore. The contract is set to be execute…