Rites Ltd.RITES₹295.70 +5.97%

Engineering and consultancy firm Rites Ltd. has announced two new contract wins, one from the South Western Railway for the redevelopment of Tumakuru Station, and another from the African Rail Company to export refurbished locomotives to Southern Africa. These contracts reflect RITES’ growing presence in domestic infrastructure projects and global rolling stock supply.

In the domestic order, RITES-Aryan JV has received the Letter of Acceptance (LOA) from South Western Railway for the Engineering, Procurement and Construction (EPC) redevelopment of Tumakuru Station. The scope includes civil works, signal and telecommunication upgrades, and electrical general services. The project is to be completed within 540 days from the appointed date, with RITES’ share valued at ₹37.81 crore (excluding GST). The transaction falls under a government-to-government arrangement and is not categorized as a related-party transaction.

In the international order, RITES has received a purchase order from the African Rail Company for the supply and commissioning of two fully overhauled Cape Gauge ALCO diesel-electric locomotives. These units will be deployed across Zimbabwe, Mozambique, and Botswana, and will be delivered within nine months. The contract is valued at approximately USD 3.6 million (CIF) and includes technical support and warranty coverage through a dedicated RITES team.

Both projects underscore RITES’ strategic focus on expanding its engineering footprint across domestic infrastructure and export markets for rail assets, reinforcing its role as a key player in transport consulting and turnkey railway solutions.

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Note: The stock price mentioned is as of 3:20 PM.

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