RITES share price gained 6 percent in the opening trade on September 26 after the company received letter of award from Talis Logistics, South Africa for supply of locomotives.
At 09:20am, RITES was quoting at Rs 267.89, up Rs 15.59, or 6.18 percent, on the NSE.
".... has received letter of award from Talis Logistics, South Africa for supply and commissioning of overhauled in-service cape gauge ALCO diesel electric locomotive of Rs USD 18 million," company said in its release.
The delivery of the locomotives will be completed within 6 to 8 months from the receipt of advance.
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Last week, the company received a rate contract from NTPC of Rs 78.65 crore for hiring of diesel locomotives on lease basis for NTPC power plants across the country.
In the previous trading session, the share closed at Rs 252.50, down Rs 5.60, or 2.17 percent.
The share touched a 52-week high of Rs 370.55 and a 52-week low of Rs 192.40 on 27 September, 2024 and 03 March, 2025, respectively.
Currently, the stock is trading 27.7 percent below its 52-week high and 39.24 percent above its 52-week low.
The market capitalisation of the company stands at Rs 12,874.89 crore.
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