Rites shares jump 6% after winning $3.6 million international order

July 2, 2025

RITES shares surged over 6% to Rs 296 following the announcement of a USD 3.6 million international contract from African Rail Company. This order involves supplying and commissioning two fully overhauled ALCO diesel-electric locomotives for deployment in Zimbabwe, Mozambique, and Botswana. The project, expected to be completed within 9 months, includes warranty support and technical deployment.

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