RITES has received a big international order from Talis Logistics, South Africa, to supply and commission overhauled diesel-electric locomotives. • The contract is worth USD 18 million (about ₹150+ crore). • RITES will deliver the locomotives within 6 to 8 months after receiving the advance payment. • This is an important step for RITES in expanding its presence in the African market. Recently, RITES also got a ₹78.65 crore contract from NTPC for leasing diesel locomotives to power plants across India. Currently, RITES shares trade at ₹252.50, above the year’s low of ₹192.30 but below the high of ₹370.50. The company’s market value stands at ₹12,135 crore. This order win boosts RITES’ revenue and showcases its expertise in railway solutions internationally. It also highlights the company’s growing global footprint and trust from overseas clients. In short: RITES is strengthening its position as a top player in worldwide rail infrastructure!

#PersonalFinance#StockInNews#FundamentalViews#Pre-OpeningCommentary#MacroViews

822 likes·59 comments