Rs 8,790 crore order book: Railway company receives an order worth Rs 78.65 crore from NTPC Ltd

RITES Ltd has secured a rate contract from NTPC Limited, valued at an indicative 78.65 crore (excluding GST), to lease diesel locomotives. This domestic contract will allow NTPC power plants across India to place individual purchase orders with RITES as needed. The total value of the actual orders will be determined by the specific requirements of the various NTPC stations.

Earlier, the company was awarded a 24-month contract by NTPC Limited for the Mouda Super Thermal Power Project. Valued at Rs 25.30 crore (exclusive of GST), this "Biennial MGR Mega Contract" covers a range of services, including maintenance for S&T (Signal & Telecom) and track, as well as the operation of the Merry-Go-Round (MGR) and the handling of the Dry-Unloading (DU) system.

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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 383.85 per share & a 52-week low of Rs 192.30 per share and has been maintaining a healthy dividend pay-out of 98 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 by 41.8 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.