RITES Limited — New Orders, 02-01-2025: Bagging/Receiving of orders/contracts

RITES has secured a significant order from Steel Authority of India Limited for the repair of 43 WDS6 locomotives, with a total contract value of approximately ₹69.78 Crore excluding GST. The contract spans over three years, indicating a steady flow of work for RITES and bolstering its operational capabilities. This domestic contract reflects RITES' position in the market and its ability to secure substantial projects, which could enhance revenue stability. Investors should note the positive implications of this order on RITES' growth trajectory, signaling a solid demand for its services in the railway sector.