Introduction:
A leading railway stock secured a major contract for feasibility studies, engineering, and project management of a railway siding at coal mines. The ₹466.55 crore project, set for completion in 36 months, strengthens its role in India’s railway and infrastructure development.
Share Price movement of RITES:
On February 17, 2025, RITES Limited opened at ₹204.60, reaching a high of ₹209.20 up 1.16% from its previous close of ₹206.80 and a low of ₹200.50. Currently, it is trading at ₹203.85, with a market cap of ₹9,799.51 crore.
RITES secured new contract:
RITES has secured a major contract from NLC India Limited for the preparation of feasibility and detailed project reports, engineering, and project management for the construction and commissioning of a railway siding at Machhakata and New Patrapara South coal mines. The contract follows a turnkey depositary mode with cost-plus fees.
This domestic contract, valued at ₹466.55 crore (excluding GST), will be executed over 36 months, covering all phases from concept to commissioning. The project aims to enhance coal transportation efficiency, aligning with India’s infrastructure development goals while ensuring effective execution through RITES’ engineering expertise.
The contract is not a related-party transaction, and no promoter group has any vested interest in NLC India Limited. This deal reinforces RITES’ position in infrastructure consulting and project management, expanding its role in large-scale railway and coal transportation projects across India.
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Recent news About RITES :
On February 12, 2025, RITES Limited signed a Memorandum of Understanding (MoU) with the Centre for Development of Advanced Computing (C-DAC) to collaborate on IT solutions for consultancy projects. This partnership aims to enhance RITES’ technological capabilities in delivering advanced infrastructure services
Stock performance of RITES for Period of 1 week, 6 months and 1 year:
RITES stock performance has declined across multiple periods. Over the past week, it dropped by 9.18%. In the last six months, the stock fell further by 37.4%. On a yearly basis, it recorded a significant decline of 45.4%, reflecting prolonged weakness in market sentiment.
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Shareholding pattern of RITES:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 72.2 | 72.2 | 72.2 |
| FII | 3.34 | 3.2 | 3.5 |
| DII | 8.83 | 9.63 | 10.78 |
| Retail & others | 15.63 | 14.95 | 13.5 |
About RITES:
RITES Limited is a leading engineering consultancy firm specializing in transport infrastructure. It provides services in railways, highways, ports, and urban transport. As a government enterprise, it plays a crucial role in India’s infrastructure development, offering project management, feasibility studies, and turnkey solutions.
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.
