RITES Shares Surge 8% After Securing $35.8 Million Locomotive Order from South Africa

Shares of

S Ltd jumped nearly 8% on Tuesday after the company announced it has won a significant $35.8 million order to supply locomotives to South Africa. The development marks another milestone in the company’s growing international footprint in the rail sector. The order is expected to boost RITES’ revenue and strengthen its position as a key player in global rail infrastructure projects. As of the latest trading session, the company’s market capitalisation stood at ₹11,213.93 crore. Analysts view this contract as a positive trigger, highlighting RITES’ technical expertise and competitive edge in executing high-value export orders. The stock has shown strong momentum amid rising infrastructure spending both domestically and overseas. This order is likely to support future earnings visibility for the engineering and consultancy major.