Rs 8,790 crore order book: Railway company receives an international order worth USD 18 million (CIF) from Talis Logistics, South Africa

RITES Limited, in accordance with the Listing Regulations, has been awarded a significant international contract by Talis Logistics, South Africa, for the "Supply and commissioning of Overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives." This order, valued at USD 18 million (CIF), involves RITES supplying and commissioning the specified locomotives. The company is required to complete the delivery of these locomotives within a short timeframe of six to eight months from the date of receiving the advance payment, marking a substantial boost to RITES's international business portfolio in the rail sector.

Additionally, RITES Limited announced a final dividend of Rs 2.65 per share for the financial year 2024-25. This final dividend, combined with three interim dividends of Rs 4.90 per share already paid, brings the total dividend for the year to Rs 7.55 per share, or a total payout of Rs 363 crore. The company's dividend payout ratio for the year reached 95.4 per cent of its earnings.

Earlier, the company secured two separate contracts from NTPC Limited. The first is a rate contract valued at an indicative Rs 78.65 crore for the leasing of diesel locomotives to various NTPC power plants across India. The second is a specific 24-month contract valued at Rs 25.30 crore for the Mouda Super Thermal Power Project, which covers comprehensive services like maintenance for Signal & Telecom (S&T) and track, as well as the operation of the Merry-Go-Round (MGR) and Dry-Unloading (DU) systems.

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About the Company

Established in 1974, RITES Limited is a leading public sector player in India's transport consultancy and engineering, offering diversified services from locomotive and train manufacturing to consultancy, exports, leasing and turnkey projects across railways, metros, airports, ports, highways, ropeways and urban infrastructure. As India's export arm for rolling stock (except Thailand, Malaysia, and Indonesia), it boasts expertise in various gauges and caters to diverse transportation needs.

The stock has a 52-week high of Rs 370.50 per share & a 52-week low of Rs 192.30 per share and has been maintaining a healthy dividend pay-out of 95.4 per cent. The company has a market cap of over Rs 12,000 crore and as of June 30, 2025, its order book stands at Rs 8,790 crore. The stock has an ROE of 15 per cent and an ROCE of 21 per cent. The stock is up over 40 per cent from its 52-week low of Rs 192.30 per share.

Disclaimer: The article is for informational purposes only and not investment advice.