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)
Recent news on Rites
See all newsBrief: Rites Signs MoU With Nhidcl For Highway And Infrastructure Projects
Brief: Rites Says Cost Of Project From South Central Railway Revised To 1.55 Billion Rupees From 979.6 Million Rupees
Brief: Titan Intech Completes Vendor Assessment Conducted Through RITES
Brief: Rites Re-Appoints Rahul Mithal As Chairman & Managing Director And CEO Beyond October 6, 2026
Brief: Rites Says India Government Approves Extension Of Tenure Of Rahul Mithal As Chairman & MD