Introduction:
Leading Navratna company has secured a ₹27.96 crore contract from South Central Railway for a high-speed rail corridor survey. The project involves advanced LiDAR-based surveying, DPR preparation, alignment design, and traffic analysis to enhance connectivity between Hyderabad-Bengaluru and Hyderabad-Chennai.
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Share price movement of RITES:
On March 7, 2025, RITES Ltd opened at ₹216.35, up 1.67% from its previous close of ₹212.80. The stock reached a high of ₹224.80 (5.64%) and a low of ₹214.00. By 10:20 AM, it traded at ₹220.45, a 3.59% increase, with a market cap of ₹10,594.91 crore.
RITES Secures ₹27.96 Crore Order from South Central Railway:
RITES Limited has received a Letter of Acceptance from South Central Railway for a ₹27.96 crore contract. The project involves a Final Location Survey for high-speed rail corridors between Hyderabad-Bengaluru and Hyderabad-Chennai using advanced survey techniques like Airborne and Terrestrial LiDAR.
The contract includes preparation of a Detailed Project Report (DPR), alignment design, traffic survey, ROR calculations, cost estimates, and EPC documentation. The project is expected to be completed within eight months. This initiative aims to enhance railway infrastructure and accelerate connectivity between major southern cities.
As a government-owned enterprise, RITES continues strengthening its position in railway consultancy and infrastructure development. This order underscores its expertise in high-speed rail projects, boosting investor confidence and reinforcing its role in India’s expanding railway modernization plans.
Recent news on RITES:
As of February 22, 2025, RITES Ltd has been directed by the Ministry of Railways to design permanent holding areas at 60 stations nationwide. This initiative aims to manage crowd surges during festivals and prevent overcrowding, enhancing passenger safety and convenience.
Stock performance of RITES for Period of 1 week, 6 months, and 1 year:
RITES Ltd delivered a 4.03% gain over the past week but faced significant declines, dropping 35.7% in six months and 42.3% over the past year, reflecting challenges despite recent positive momentum in the stock’s short-term performance.
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Shareholding pattern of RITES:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 72.20% | 72.20% | 72.20% |
| FII | 3.30% | 3.20% | 3.50% |
| DII | 8.80% | 9.60% | 10.80% |
| Public | 15.60% | 15.00% | 13.50% |
About RITES:
RITES Ltd (NSE: RITES), established in 1974, is a leading public sector enterprise specializing in transport consultancy and engineering. It serves as Indian Railways’ exclusive export arm for rolling stock, except in Thailand, Malaysia, and Indonesia.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
