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RITES — Rites News Story

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India's RITES rises on new locomotive order worth $35.8 million

BUZZ-India's RITES rises on new locomotive order worth $35.8 million

** Shares of India's RITES Ltd RITS.NS rise 7.1% to 231.48 rupees

** Company says it received a $35.8 million order from South Africa's Volantis Asset Finance for supply and commissioning of 4,000 HP Cape Gauge diesel electric locomotives

** More than 32.5 million shares change hands, as of 11:26 a.m. IST, vs 30-day avg of 4.3 million shares

** Stock up 4.5%, YTD


(Reporting by Payel Das in Bengaluru)

((Payel.das@thomsonreuters.com))

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