RITES Secures $18-Million International Order, Expands Growth Pipeline

has secured an $18-million order from South Africa’s Talis Logistics to supply and commission refurbished Cape Gauge ALCO Diesel Electric Locomotives within 6–8 months of advance receipt. This follows last week’s ₹78.65 crore order from NTPC for leasing diesel locomotives to power plants across India, scheduled for execution till September 2027. On the financial front, the June quarter showed stable performance with revenue up 0.8% YoY to ₹489.7 crore, net profit increasing 0.7% to ₹91 crore, and EBITDA rising 7.8% YoY to ₹114 crore. Margins improved by 150 bps to 23.3%, highlighting efficiency gains despite muted topline growth. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.